Interest-free student loans are the bare minimum
A consistent and churning effect of the pandemic regarding financial and mental implications continues to impact many Canadian students, families and workers. To combat the struggles students face regarding finances and online schooling, bill C-14 was introduced by the Government of Canada. This bill officiates interest-free student loans for post-secondary students until March 31, 2023. Although not passed by the House of Commons yet, the National Student Loans Services Centre (NSLSC) has already implemented interest-free loans for students. This $4.1 billion investment aims to relieve financial stresses upon post-secondary students by removing additional interest on student loans and thus, less money paid by students.