(Photo: twitter.com/CPAC_TV)

Federal election

Trudeau talks two-year grace period on student loans while visiting B.C.

Trudeau spoke about the Liberals’ plan to ‘make education more affordable for students’

Liberal leader Justin Trudeau stopped at SFU Surrey on Friday to highlight the party’s education platform ahead of the Oct. 21 federal election.

“It’s great to be back in Surrey on the first day of advanced polls to talk about what a re-elected Liberal government will do to help young people get ahead,” Trudeau said to open his talk in Surrey.

Trudeau focused on the Liberals’ plan to “make education more affordable for students,” noting that many young people are forced to take loans and get a job to help pay for tuition, textbook, rent and other bills.

A re-elected Liberal government, Trudeau said, would introduce a two-year grace period for the repayment of student loans following graduation.

ALSO READ: 57% of British Columbians think voting should be mandatory

“That means no payments and no interest when you first enter the job market,” said Trudeau.

After that, Trudeau said a Liberal government would ensure new grads wouldn’t have to start repaying their loans until they’re earning at least $35,000 a year and if their income ever falls below this level, their payments would be put on hold.

Trudeau also highlighted the Liberal promise to cut cell phone bills by 25 per cent.

The Liberals promise that if re-elected they would increase Canada Student Grants, reduce interest costs on Canada Student Loans, improve the repayment assistance program, and give “more help” to adult students and people receiving EI, according to campaign literature.

The party also promises to establish a “more generous” Canada Student Grants and more affordable and flexible student loans.

ALSO READ: Advance voting in 2019 federal election begins

“We will give full- and part-time students up to $1,200 more per year, through increased Canada Student Grants,” notes the party’s platform.

New parents would also be allowed to “pause” their student loan repayments, interest-free, until their youngest child reached the age of five. New parents who have graduated but haven’t yet finished paying off their student loans would also be enabled to “hit pause” until their child turns five.

    Get local stories you won't find anywhere else right to your inbox.
    Sign up here

    Just Posted

    Local B.C. Transit busses ramp up COVID-19 protection

    Busses being retrofitted with driver doors

    BREAKING: Wildfire burns near Harrison Hot Springs

    1.5 hectare fire is reportedly human caused

    B.C. records 146 new COVID-19 cases through long weekend

    More that 28 people tested positive for the virus each day since Friday

    Two people die in propane heated outdoor shower near Princeton

    Couple was attending a long weekend gathering

    Alberta to require masks at schools this fall, but still no mandate in B.C.

    B.C. students are also set to return to classrooms in September

    Gangster Jarrod Bacon released from prison for third time

    Parole board continues to express concerns about Bacon’s behaviour

    B.C. to allow customers to buy cannabis online for in-store pickup at private shops

    Age verification will still be required inside the store

    30% of British Columbians would ‘wait and see’ before taking COVID vaccine: poll

    Some are concerned about side effects, while others don’t think the virus is a big deal

    UPDATE: Man injured in targeted shooting in Maple Ridge

    Shots fired from one vehicle into a white Hyundai

    Don’t leave your hand sanitizer in the sun and other tips to stay COVID safe this summer

    Being mindful of staying outside and keeping hand sanitizer, sunscreen out of the sun recommended

    What exactly is ‘old growth’ B.C. forest, and how much is protected?

    Forests minister Doug Donaldson doesn’t support ‘moratorium’

    Most Read