KPMG report informs Manitoba federal federal government to scrap interest-free student education loans

KPMG report informs Manitoba federal federal government to scrap interest-free student education loans

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Consulting company says loans price province $4.5M in low-interest payments every year

Manitoba should scrap no-interest student that is provincial for post-secondary pupils, KPMG claims in its newly released report about the province’s funds.

The consulting company’s financial report, released on Tuesday, stated the lack of interest charged on student education loans “may discourage repayment associated with the loans. “

It stated the existing education loan system is “burdensome, ” additionally the province should relocate to an integral system administered by the National education loan provider Centre, through the government that is federal. […]