(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

    Going Green: House, I’m looking at you

    ‘Change the place you live by changing how you get around.’

    MRSS cheer team to compete against world’s best

    The squad will represent Canada at the 2020 World School Cheerleading Championships in Orlando

    UPDATED: Two seeking Liberal nod in Ridge, Mission

    No dates yet for candidate selection process

    Snow and ice easier this time, on Maple Ridge roads

    Pothole situation could have been worse, said roads superintendent

    City of Pitt Meadows quell concerns about community garden being developed over

    Latest Official Community Plan has mixed income housing being built adjacent to garden

    VIDEO: Mass coronavirus quarantines seen in China won’t happen in Canada, authorities say

    ‘If a case comes here, and it is probably … it will still be business as normal’

    Wuhan bans cars, Hong Kong closes schools as coronavirus spreads

    Hong Kong leader Carrie Lam said her government will raise its response level to emergency, highest one

    Province’s oldest practising lawyer shares advice at her 100th birthday party

    Firefighters bring Constance Isherwood a cake with 100 birthday candles

    Vernon woman suing McDonald’s for spilled coffee

    Woman seeking nearly $10K, says employee failed to put lid on properly

    5 things you need to know to start using ridesharing in Metro Vancouver

    From how to get started to where drivers can take you, heres all you need to know

    Diners’ health tax not catching on in B.C., restaurant group says

    Small businesses look for options to cover employer health tax

    B.C. comic wins judgment after club owner slaps cellphone out of his hands

    Incident happened last summer when Garrett Clark was performing in Abbotsford

    UPDATED: Mayors call for ‘calmness’ as highway rockslide cuts Tofino, Ucluelet off from supplies

    Ministry of transportation expects to open road for “essential travel only” from noon-8 p.m. Friday.

    Most Read