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Ottawa’s fall budget announces new interest-free student loans

By: Pranjali J Mann, News Writer Low-income workers and students were offered some financial relief in a budgetary announcement from Parliament Hill, Ottawa on November 3. Federal finance minister Chrystia Freeland has proposed waiving federal student loan interest permanently.  In an attempt to provide “a real, robust industrial policy” for Canadian economic growth, Freeland’s budget aimed to increase federal funding for student loans. According to CBC News, all “federal student and apprenticeship loans will be interest-free permanently.” It is estimated this will provide $410 of student relief every year. The policy will take effect on April 1, 2023.  This step…

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