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Okanagan Student Union's thrilled over g

Okanagan student groups thrilled over decision to eliminate loan interest

Feb 19, 2019 | 4:14 PM

It has been something student unions across B.C have been fighting for years, ending interest on student loans . Now, thanks to the provincial government’s announcement on budget day , it is a fight now ending in victory.

” It is just really nice that they actually listened , ” said Okanagan College Student’s Union Executive Chairperson Chantelle Bishop

” Students across B.C have sent over 20,000 emails to finance Minister Carol James and B.C used to have the highest interest rate in all of Canada, so it is a great relief,” she adds.

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The provincial government will be shelling out $318 million in order to eliminate the interest on student loans .

The interest rate cut would apply to all new and existing student loans in B.C, making post secondary a little more affordable for students.

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