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Governments can afford to make student debt disappear. So why don’t they?

Thursday, July 11th, 2019

In 2017-18, the federal government wrote off $6.8 billion in loans. The largest portion of that was $2.6 billion given to Chrysler after the economic crash in 2009… There is at least $14.6 billion per year estimated by the CRA that is withheld by wealthy Canadians. Recovering that money and giving it to Canadians to pay for their higher education would not only be popular, it would also redistribute wealth in an important way.

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