Canada education loan system to handle scrutiny of auditor general

Canada education loan system to handle scrutiny of auditor general

Canada’s auditor general is examining how a government manages vast amounts of bucks when you look at the Canada student education loans program, and whether it is assisting students be smarter about their monetary choices, newly disclosed papers reveal.

The review, anticipated by April, can look at exactly just exactly how effectively two divisions mixed up in program — Employment and personal developing Canada additionally the Canada Revenue Agency — have managed “risks to your general public treasury” in doling out cash to pupils.

Another product in the review could be the departments’ “collection activities of student education loans, ” and a 3rd type of inquiry will evaluate how good the Financial customer Agency of Canada did to boost students’ economic literacy.

Although the auditor general’s report won’t be out for months, high-level information on the review have been in a briefing note acquired by The Canadian Press underneath the usage of Information Act.

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