Student Loans FROZEN By New Canadian Economic Update | Support for One At-Risk Group [Dec. 3rd]

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Lets talk about the information that was just released in the government’s fall economic update. This is focused on one of the age groups that has been hardest hit by the pandemic, students.

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At the start of this health situation in March, students were happy to hear that all loan repayment obligations were frozen for the next 6 months (ending in September).

But since that program has ended, some students have been left in a pretty crummy financial position, having to pay back loans, with interest, without being able to get a job due to the depressed jobs market.

In this economic update, we learn what the government has planned for recent graduates, and for students who are still continuing their education.

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DISCLAIMER: This video is intended to be used for entertainment purposes only, and is not to be interpreted as advice, financial or otherwise. Any decision made by an individual about their finances or benefit applications is entirely at the discretion of that individual. Russell Matthews does not warrant or represent that any information is accurate. This description contains affiliate links, and if you purchase an item, a portion of the sale will go towards supporting the channel, at no additional cost to you.