Extend student loan grace period

AI summary

Petitioners ask the Government of Canada to extend the student loan grace period from six to at least twelve months, delay repayment until borrowers reach stable income, and expand income‑based repayment options.

AI summaries describe petitioners’ requests and claims. Consult the official record for the full text.

Official petition

Petition to the Government of Canada Post-secondary education is increasingly necessary for participation in the Canadian economy, yet many students graduate with significant levels of debt. The rising cost of living, including housing, food, and transportation, has made it increasingly difficult for recent graduates to meet their financial obligations Many graduates are required to begin repayment of student loans prior to securing stable, full-time employment Student debt contributes to prolonged financial insecurity and may delay important life decisions, including career development and financial independence. We, the undersigned, Citizens (or permanent residents) of Canada, call upon the Government of Canada to 1. Extend the student loan grace period from six months to a minimum of twelve months to better support graduates transitioning into the workforce. 2. Permit the commencement of student loan repayment only once individuals have reached a stable and sufficient level of income. 3. Introduce more flexible repayment terms to reduce financial strain during the early stages of graduates’ careers. 4. Enhance and expand income-based repayment programs to ensure greater accessibility, effectiveness, and fairness. 5. Ensure that student loan repayment policies are responsive to current economic conditions and promote equitable outcomes for all graduates

Government response

No government response is available yet.