KNOCKOUT INTEREST ON STUDENT LOANS

In 2023, the Government of Canada announced the full elimination of interest on federal student loans.

Knock Interest on student loans campaign poster

Knock Out Interest: We did it!

In 2023, the Government of Canada announced the full elimination of interest on federal student loans. Over one million Canadians had student loans from the federal government, collectively owing more than $11 billion. The elimination of interest on student loans will put hundreds of dollars each month in the pockets of Canadians, many of whom are struggling with the increasingly high cost of living.

We did this together – This win is a result of years of hard work by students across Canada. Through our Knock Out Interest campaign, students have:

  • sent over 15,000 postcards and letters to Prime Minister Trudeau,

  • done countless media interviews on the impact of interest on student loans

  • met with Government officials, and

  • mobilized support from our friends and families.

Student actions WORKS!