Newspaper article The Canadian Press

Liberals Write off $163 Million in Student Loans Feds Will Never Collect

Newspaper article The Canadian Press

Liberals Write off $163 Million in Student Loans Feds Will Never Collect

Article excerpt

Feds write off $163 million in student loans

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OTTAWA - The federal government is writing off more than $163 million in outstanding student-loan payments that officials will never be able to collect.

New spending documents show the government is giving up on debts from 31,658 students after "reasonable efforts to collect the amounts owed."

It is the fourth time in the last five years that the government has written off outstanding student loans.

The government periodically gives up on some of the $19 billion owing in student loans for a number of reasons: a debtor files for bankruptcy, the debt itself passes a six-year legal limit on collection, or the debtor can't be found.

The Liberals have looked to make it easier for graduates to pay off their loans -- and the government to collect the cash -- by increasing the minimum annual income a person has to make before they are required to make debt payments. …

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