tax

Canada’s Student Loan Rates Compared (2013-2014)

 
As mentioned in my last blog, Canada’s federal (and most provincial) governments reap a hidden tax from the low and middle-income students who need to borrow student loans. 
 
These governments borrow money at a discount (at least 1% below the ‘prime’ rate). At present, that lets them borrow at 2% or less. Then they charge up to 400% more on student loans.





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.