student loan interest rates

The Price is Wrong: Part 2

 

In the last post, I gave up my neutrality and urged Canadian students to just say NO to today's fixed-rate student loans.

Most governments are over-charging to the point where these loans will almost certainly cost you thousands of dollars more than variable (floating-rate) loans.

Fixed-rate student loans normally cost a bit extra because you're getting the security of locking in today's student loan interest rate, so it won’t go up in future.





Canada’s Hidden Tax On Low-Income Students

 
I like to mix up our blog topics. But we need to return to this student loan interest theme because it’s costing Canadian students billions.
 
Let’s do the math.