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Feds should more clearly verify who is allowed to repay student loans at reduced rates, says auditor general
By Palak Mangat July 8, 2020
'In our view, this number of people who declared that they had no income should have prompted the department to take appropriate measures to safeguard the integrity of the plan, given the integrity problem the department had identified,' says an auditor general report released Wednesday.
Auditor General Karen Hogan, pictured speaking to the House Finance Committee on June 22, 2020, and her office is recommending Ottawa better verify who it is allowing to repay student loans at a reduced rate. Image courtesy House of Commons
A probe by the auditor general into Ottawa’s handling and administering of student financial assistance programs over a two-year period suggests the feds need to better verify who is facing “financial difficulty” and therefore be allowed to reduce their monthly repayments on student loans.
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