Consulting company says loans price province $4.5M in low-interest payments every year
Manitoba should scrap no-interest provincial figuratively speaking for post-secondary pupils, KPMG claims with its newly released report about the province’s funds.
The firm that is consulting financial report, released on Tuesday, stated having less interest charged on student education loans « may discourage repayment associated with loans. «
It stated the existing education loan system is « burdensome, » plus the province should go on to a built-in system administered by the nationwide education loan provider Centre, through the government that is federal. (suite…)