Canada education loan program to handle scrutiny of auditor general

Canada education loan program to handle scrutiny of auditor general

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

The review, anticipated by April, can look at exactly just how effortlessly two divisions active in the program — Employment and Social Development Canada together with Canada Revenue Agency — have managed “risks to your treasury that is public in doling out cash to pupils.

Another product when you look at the review could be the departments’ “collection activities of student education loans, ” and a 3rd type of inquiry will evaluate just how well the Financial customer Agency of Canada did to enhance students’ monetary literacy.

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

The document ready for the top civil servant at Employment and tennessee payday loans personal Development Canada notes that work from the review happens to be underway since May 2019. Læs videre “Canada education loan program to handle scrutiny of auditor general”