NS students applying for loans to be shown institutions' repayment rates

June 19, 2015

Kelly Regan, Nova Scotia’s Minister of Labour and Advanced Education, said that the provincial government will add a feature to online student loan applications that will tell students an institution’s repayment rate. The feature will also provide students with questions they should consider asking the institution when they apply. Regan’s announcement comes following a CBC investigative report that uncovered high default rates at some private colleges in the province. “I want to assure taxpayers that we absolutely are concerned about this,” Regan said. “We’re concerned for our students who can have a loan default follow them through their life and that has significant implications for them.” CBC