The Finance Minister of the Atlantic province of Newfoundland and Labrador Charlene Johnson reads the 2014 budget in the House of Assembly in St.John's, Thursday, March 27, 2014.
Photo Credit: Graham Kennedy/CP

Student group praises province’s decision to replace student loans with grants

Canada’s largest student organisation the Canadian Federation of Students praised a Canadian province’s decision to replace all provincial student loans with grants.

“By listening to students’ concerns about the growing student debt crisis, this government is helping both young people and the economy of Newfoundland and Labrador,” said Jessica McCormick, National Chairperson.

The Finance Minister of Newfoundland and Labrador Charlene Johnson announced the decision as part of the 2014 budget she presented last Thursday in the House of Assembly.

More information:
Canadian Federation of Students press release – NL government to reduce student debt burden by replacing all student loans with grants – here
CBC News – Families, students, seniors get boost in deficit budget – here

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