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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 the way the federal government manages huge amounts of dollars into the Canada figuratively speaking program, and whether it is assisting students be smarter about their monetary choices, newly disclosed papers reveal.

The review, anticipated by April, can look at just how effortlessly two divisions involved in the program — Employment and personal developing Canada as well as the 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 boost students’ economic 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 underneath the usage of Ideas Act.

The document ready for the top servant that is civil Employment and Social Development Canada notes that really work in the review happens to be underway since might 2019.