Canada education loan system to manage scrutiny of auditor general

Canada education loan system to manage scrutiny of auditor general

Canada’s auditor general is examining how a federal government manages vast amounts of bucks when you look at the Canada figuratively speaking system, and whether it is assisting pupils be smarter about their economic choices, newly disclosed papers reveal.

The review, anticipated by April, will appear at just exactly exactly how effectively two divisions active in the program — Employment and personal developing Canada therefore the Canada Revenue Agency — have managed “risks to your treasury that is public in doling out cash to pupils.

Another product into the review is the departments’ “collection activities of student education loans, ” and a 3rd type of inquiry will evaluate how good the Financial Consumer Agency of Canada spent some time working to enhance students’ monetary literacy.

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

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