Tuition Prices Hurting More Than Students

The simple fact is that high tuition costs are hurting everyone in Nova Scotia. Over $2 million dollars have been written off as part of the Provincial Student Loan program. In addition to this figure is $10 million which has been turned over to the government from the Royal Bank for recovery. Student Loans are counting for almost 2/3 of all debts that the province has written off since 1999.

The 2008 budget, being released tomorrow, is supposed to have good news for students but how far they plan to go is still unknown.

The written off loans are from over 400 students who will now have bad credit to deal with for at least the next 7 years. Tax payers will have to swallow these debts since the loans are now paid direct to the province in an effort to lower the interest charges.

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