GPRC Students Join Knock Out National Interest Campaign

Photo by Curtis Galbraith (EverythingGP)

Through Liam verster

# KnockOutInterest

February 9, 2021 | 1:00 p.m.

The Grande Prairie Regional College Student Association (SAGPRC) has joined the national Knock Out Interest campaign to demand an end to accrued interest on student loans.

The average cost of tuition in Canada is $ 30,000, and with a base interest rate of 2.45 percent, graduates typically pay $ 4,000 more in interest only.

The Knock Out Interest campaign calls on the Canadian government to follow the lead of several provinces and stop charging interest on federal loans. British Columbia, Manitoba, Newfoundland and Labrador, Nova Scotia and Prince Edward Island do not charge interest on provincial student loans, but many students have yet to apply for federal money, which means they are leaving school with growing debt.

The Knock Out Interest movement was started by the BC Federation of Students, which is a provincial advocacy group, and they are supported by a number of advocacy groups and organizations across the country, including the Alberta Student Executive Council.

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