Canada’s Annual Student Assistance Bill: $10 Billion, Most of it Non-Repayable
Let’s just count up all there is out there, shall we? Just for fun. There’s loans, obviously. In 2010-11, there was a little under $4 billion of those. Of that, however, about half a billion was forgiven through loan remission, meaning that “Net Loans” – was about $3.5 billion. On top of that, there was about another $1.3 billion in up-front grants given out that year (roughly half from the feds, half from the provinces). (How do I know this,