Happy Birthday, Canada Student Loans Program (Part the Last)
For the first thirty or so years of its existence, the CSLP changed little, and was rarely the subject of any political attention. The annual loan maxima drifted gradually upwards from its initial $1,000 per year, but the only real innovations were the introduction of interest relief (the nucleus of today’s Repayment Assistance Program) in 1984, and a short-lived, ill-advised experiment in administrative cost-recovery in 1990 – during which the government levied a 3% fee on loans to pay for overhead,