Ontario government removes grace period for student loan repayment
Now, the provincial government has announced it will remove the sacred grace period for student loan repayment.
Previously, starving students were permitted a six month period after graduating where they didn't have to worry about starting their interest accruing.
Now, graduates will be start gaining interest on their loans as soon as they finish their final semester.
There's no word yet on whether anything will happen to the Repayment Assistance Plan, but given the current trajectory, its days may be numbered as well.
Better start looking for a job six months earlier, students.
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