That NDP Student Debt Forgiveness Promise
Today, I want to look at Jagmeet Singh’s recent promise that an NDP government would forgive up to $20,000 in federal student debt. It was a fascinating little announcement, which is part-super-savvy and part deeply-perplexing. The announcement itself, which you can read in the NDP press release here, says that an NDP government would i) eliminate interest on student loans because interest = profit, ii) bring in a 5-year waiting period before student loans became repayable and iii) forgive the first $20,000