Ottawa Farming Out Bad Student Loans to Agencies

Published on:
12 September 2006 at 10:21 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00015592-ottawa-farming-out-bad-student-loans-to-a/

In a bid to help make post-secondary education more affordable for its citizens, Ottawa, Canada, will refer outstanding student loan debts to collection agencies. According to a story running on CTV.ca, the federal government had been spending millions trying to collect on these delinquent student loans.

The combined value of these collection agency contracts is $180.8 million (US$161.7 million). However, many believe that the amount collected will only be a fraction, since many of the accounts turned over will prove uncollectible.

You can read more about this story at Ottawa farming out bad student loans to agencies.

Ottawa Farming Out Bad Student Loans to Agencies

Unknown Author

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