Education spending an investment in future: student rep

Cory Hurley
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CORNER BROOK  Investment in post-secondary students is an investment in the province’s future, says Nick Mercer.

The vice-president external for the Grenfell Campus Student Union certainly feels the provincial government has taken significant strides toward a better outlook for Newfoundland and Labrador.

The province will eliminate provincial student loans and repace them with non-repayable up-front grants. Budget 2014 commits $14.7 million for two years to complete the conversion of student loans to grants, with a projected investment of about $50.6 million over five years.

“We have always advocated that when you reduce student debt, everybody in the province is going to do better,” Mercer said.

The average student debt in the province is about $20,000, according to Mercer, and prevents young people from starting families, buying homes, and contributing to the economy.

The province is also continuing the tuition freeze for students attending Memorial University and the College of the North Atlantic by investing an additional $5.1 million this year.

Organizations: College of the North Atlantic, Grenfell Campus Student Union

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