Canada’s student loans system should account for different earnings by different fields: Moloney

September 4, 2019

Canada’s student loan system must begin accounting for the different economic outcomes associated with different fields of study, writes Carleton Public Affairs and Policy Management student Kieran Moloney. The author compares the folly of Canada’s current system to the subprime mortgage crisis of 2008, which was due largely to the fact that money was being lent en masse to people who were unlikely to pay it back. Moloney calls for a more transparent system that not only allows students taking out loans to see the debt-to-earning differences are across different faculties, programs, or institutions, but also charges different repayment rates based on these figures. National Post (National)