"Canada’s policies regarding student loans are similar to those in the US but injected with a small dose of compassion and critical thinking. The federal government provides up to 60 percent of a student’s tuition through the Canadian Student Loan Program (CSLP), while private lenders pick up the rest of the bill. All student loan payments are suspended until a student graduates and earns at least 25,000 CAD annually."
That’s similar to ours. You don’t pay until you’re done. We don’t have a lower income range but 25k isn’t very much money. That’s below minimum wage in Canada.
College should be affordable and available. It used to be college kids word during the summer to pay their expenses during the college year. I don't think that is feasible nowadays.
I also think we need more trade schools. Not everyone needs a degree. We need plumbers, electricians, etc as well.
@wintermute_oregon
There are actually 24 countries that have free college education.
https://financesonline.com/free-college-education-statistics/
They don’t offer it to everyone. I’ve already addressed that. They control the numbers by standards. Something we don’t do in America.
A good example is Sweden. Their students come out owing almost as much as the average American.
https://www.bustedcubicle.com/advocacy/student-debt#:~:text=While%20Swedish%20universities%20don't,the%20American%20figure%20of%20%2437%2C400.
@wintermute_oregon
Then do what Canada does.
It's not that hard to find a better way than what America does now.
Canada is similar to us.
https://blog.gitnux.com/student-debt-in-canada-statistics/#:~:text=As%20of%202021%2C%20the%20average,Canadian%20students%20face%20upon%20graduation.
28k vs 37k with a us worker may more than the Canadian and paying less in taxes. So it’s a wash
@wintermute_oregon
The first link you posted says
"Canada’s policies regarding student loans are similar to those in the US but injected with a small dose of compassion and critical thinking. The federal government provides up to 60 percent of a student’s tuition through the Canadian Student Loan Program (CSLP), while private lenders pick up the rest of the bill. All student loan payments are suspended until a student graduates and earns at least 25,000 CAD annually."
https://www.bustedcubicle.com/advocacy/student-debt
That’s similar to ours. You don’t pay until you’re done. We don’t have a lower income range but 25k isn’t very much money. That’s below minimum wage in Canada.
@wintermute_oregon
Canada does not have a national minimum wage.
I know that because I live here.
edit to add -- ... and my income last year was less than $15k.
You have a minimum wage per province, correct?
https://www.nerdwallet.com/ca/personal-finance/canada-minmimum-wage-explained#:~:text=Here%E2%80%99s%20a%20look%20at%20current%20provincial%20and%20territorial,by%20April%202024%29.%208%20Nunavut%3A%20%2416.00.%20More%20items
College should be affordable and available. It used to be college kids word during the summer to pay their expenses during the college year. I don't think that is feasible nowadays.
I also think we need more trade schools. Not everyone needs a degree. We need plumbers, electricians, etc as well.
b