interest rates

Canada’s Student Loan Rates Compared (2013-2014)

 
As mentioned in my last blog, Canada’s federal (and most provincial) governments reap a hidden tax from the low and middle-income students who need to borrow student loans. 
 
These governments borrow money at a discount (at least 1% below the ‘prime’ rate). At present, that lets them borrow at 2% or less. Then they charge up to 400% more on student loans.





PEI Gets Interest-Free Student Loans!

 
Wow.
 
It’s front-page news here at Student Finance 101 when any province drops the interest charges on its student loans.
 
The last time that happened was back in August, 2009.