Quote:
Originally Posted by PsYcNeT
While we're at it, let's talk about student loan forgiveness.
Speaking personally, I'm in my 30s and my wife and I only started trying last year, which plays pretty notably into the second chart above (we're in week 17, woop). Why did we wait? Same reason most do; financial stability to afford childcare costs, which is notably hampered by paying off student loans for so many years.
|
Agreed. When I graduated they had system in place which essentially forgave a portion of your loan right from the start. That coupled with living in a city with a terrible economy (ie super low cost of living) allowed me to really accelerate paying off my loans. I'd like to see something like a partial forgiveness or alternatively a yearly deduction for a certain number of years that is tied to residing in the province you went to school. In other words if you stay and contribute to the economy of the province then there is a tax break for you, If you leave then too bad, the Province is not going to subsidize your loan anymore.