Federation of Students news release:
Canada Student Loan debt will surpass the $13 billion mark today for the first time in the nation’s history. Total student loans owed to the Government of Canada increases by $1.2 million a day. The $13 billion figure does not include approximately $5 billion in provincial student loan debt or personal debt such as credit cards, lines of credits, bank loans, and family loans. This school year alone, almost 360,000 students required loans from the federal government.