B.C. Liberal leader Andrew Wilkinson (Black Press)

B.C. Liberal leader says students should pay interest on loans

NDP move to eliminate interest encourages debt, Andrew Wilkinson says

B.C. Liberal leader Andrew Wilkinson’s opposition to interest-free B.C. student loans is sparking an online backlash similar to his recent remarks about renting being a “fun” time of transition.

Wilkinson questions the move in the NDP government’s recent budget to eliminate interest from the B.C. portion of student loans, arguing that it may encourage young people to take on more debt than they can handle. He said financing is important for students, but removing interest from loans is “probably not the right way to go about it.

“My own experience is running into students who have $80,000 in student debt who haven’t completed their degree,” said Wilkinson, referring to his time as advanced education minister in the Christy Clark government.

“I paid tens of thousands of student loans myself to get through medical school, and student loans are a very important part of our education system,” said Wilkinson, who trained as a doctor in Alberta before obtaining a law degree in Britain as a Rhodes scholar. “The concern with the NDP taking the interest off them completely is that students in their early years may get a little carried away with how much they’re borrowing. If there’s no interest whatsoever, then students are likely to borrow more.”

READ MORE: Wilkinson under fire for comments on renting being ‘fun’

READ MORE: Students pleased with removal of B.C. student loan interest

NDP MLA Ravi Kahlon posted an audio clip on his Facebook page of similar comments by Wilkinson on RedFM radio in Surrey, where he questioned whether students would ever pay back debt if interest wasn’t accumulating.

“That’s like saying nobody pays back zero-interest loans on cars,” said one commenter.

Others referred to Wilkinson’s recent comments on renting being a “wacky” and “fun” time for young people, for which he later apologized, saying he was referring to his own experience in his 20s.

Federally sponsored student loans are interest-free for the first six months after graduating, after which interest applies at above the prime rate.


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Stone re-joins Campbell River Storm as head coach/GM

Spent half of last season with the BCHL Surrey Eagles

Campbell River city council won’t support cannabis license, citing First Nation opposition and ‘at-risk youth’ nearby

The third application to come before council is the first to be denied city support

Former Campbell Riverite reaches Everest summit

Clayton Matthews’ team got to the top of the world earlier this week

Campbell River RCMP arrest violent offender

Police struggle with suspect and take him down with a taser

Rescuers finally persuade Eiffel Tower climber to come down

The official said the man was ‘under control and out of danger’ on Monday night

LETTER: Fletcher ‘blurs reality’ on B.C. union public construction

Bridge, highway projects awarded to companies, not unions

Killer of Calgary mother, daughter gets no parole for 50 years

A jury found Edward Downey guilty last year in the deaths of Sara Baillie, 34, and five-year-old Taliyah Marsman

Federal government funds millions to help B.C. police spot drugged driving

Many police departments have expressed wariness about using the only government-approved roadside test

Judge: Mississippi 6-week abortion ban ‘smacks of defiance’

The new law would prohibit most abortions once a fetal heartbeat can be detected

Oil companies, 24-cent gap between B.C., Alberta to be focus of gas price probe

Premier John Horgan called the spike in gas prices ‘alarming’

Motorcycle deaths spike 50% since 2017

Riders were most likely fatally crash on the weekends compared with the rest of the week

Mother of accused charged in death of Surrey teen girl found in torched SUV

Manjit Kaur Deo charged with ‘accessory after the fact’ in 2017 death of Surrey teen

Family of B.C. pilot killed in Honduras trying to ‘piece together’ tragedy

Patrick Forseth has a number of friends in the area and was loved by everyone

Most Read