This is the best tl;dr I could make, original reduced by 83%. (I'm a bot)
As part of its fall fiscal update tabled Thursday, the federal government outlined plans to permanently eliminate interest on all federal student loans and apprentice loans including loans currently being repaid.
The Liberal government suspended the accumulation of interest on student loans in 2021 due to the effects of the pandemic on graduating students as they entered a unique job market.
An average student loan borrower will save $410 per year as a result of their loan being interest-free, the government said in the fiscal update.
This is the best tl;dr I could make, original reduced by 83%. (I'm a bot)
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