DON’T
      TAX
      ky
      &
      MY
      LOAN!
     
    
   
   
    
     
      About
      nalf
      of
      Canadian
      post-secondary
      students
      depend
      on
      the
      Canada
      Student
      Loan
      Plan
     
     
      (CSLP)
      to
      help
      offset
      the
      cost
      of
      their
      education.
      With
      rising
      tuition
      fees
      and
      increasing
     
     
      living
      costs,
      students
      are
      forced
      to
      incur
      greater
      debt
      loads.
     
    
   
   
    
     
       
        
     
     
        
        
     
    
   
   
    
     
       
     
     
       
     
    
   
   
    
     
      The
      CSLP
      does
      not
      meet
      the
      needs
      of
      post-secondary
      students
      and
      is
      in
      serious
      need
      of
     
     
      reform.
      The
      Federal
      government’s
      solution
      to
      the
      student
      debt
      load
      crisis
      has
      been
      the
      _
     
     
      introduction
      of
      a
      3%
      administrative
      fee
      as
      a
      measure
      to
      “encourage
      responsible
      borrowing
      and
      —
     
     
      deter
      loan
      defaults”.
      In
      effect,
      this
      measure
      is
      nothing
      more
      than
      a
      discriminatory
      service
      tax.
     
    
   
   
    
     
           
     
     
       
     
    
   
   
    
     
      THE
      3%
      TAX
      ON
      STUDENT
      LOANS:
      ~~~~~~~
     
    
   
   
    
     
      ‘As
      of
      August
      1st
      1991,
      a
      3%
      administrative
      fee
      will
      be
      tacked
      on
      to
      your
      student
      loan,
      so
      that
     
     
      if
      you
      have
      borrowed
      $5,000
      you
      will
      in
      fact
      be
      paying
      interest
      on
      $5,150.
     
    
   
   
    
     
       
        
     
     
         
     
     
       
     
    
   
   
    
     
      WHAT
      THIS
      TAX
      REALLY
      MEANS
      IS...
      ~~~——~
     
    
   
   
    
     
      Those
      students
      who
      can
      least
      afford
      the
      cost
      of
      a
      post-secondary
      education
      are
      eo
      taxed
     
     
      for
      going
      into
      debt.
     
    
   
   
    
     
       
        
     
    
   
   
    
     
          
     
    
   
   
    
     
        
     
    
   
   
    
     
      What
      this
      tax
      really
      means
      is...
      An
      added
      barrier
      to
      post-secondary
      education.
     
    
   
   
    
     
        
        
     
    
   
   
    
     
      What
      this
      tax
      really
      means
      is...
      The
      Mulroney
      government
      sone
      not
      recognize
     
     
      the
      current
      financial
      barriers
      faced
      by
      students.
     
    
   
   
    
     
        
     
     
        
       
     
    
   
   
    
     
      What
      this
      tax
      really
      means
      is...
      This
      government
      is
      not
      committed
      to
      a
      fully
     
     
      accessible
      post-secondary
      education.
     
    
   
   
    
     
      THE
      REAL
      SOLUTION
      IS...
      .§
      ~~~
     
    
   
   
    
     
      The
      real
      solution
      to
      the
      student
      debt
      load
      crisis
      is
      a
      national
      system
      of
      grants,
      not
      loans!
     
    
   
   
    
     
            
     
     
        
       
     
    
   
   
    
     
      The
      Canadian
      Federation
      of
      Students
      wants
      the
      proposed
      3%
      tax
      on
      student
     
     
      loans
      withdrawn
      immediately.
     
    
   
   
    
     
       
        
     
     
        
       
     
    
   
   
    
     
      The
      Federation
      has
      called
      for
      a
      meeting
      of
      the
      National
      Advisory
      Group
      on
      Student
      Financial
     
     
      Assistance
      with
      the
      goal
      of
      reviewing
      the
      CSLP
      and
      implementing
      such
      reforms
      as
      an
     
     
      extension
      of
      the
      Interest
      Relief
      Programme.
     
    
   
   
    
     
      -
      EDUCATION
      IS
      A
      RIGHT
      NOT
      A
      PRIVILEGE
      ~~~~~~~~
     
    
   
   
    
     
      bor
      more
      information
      on
      the
      Federation
      and
      its
      activities
      on
      the
      issue
      of
      student
     
     
      aid,
      contact
      your
      local
      student
      association.
     
    
   
   
    
     
           
     
     
        
        
     
     
         
     
    
   
   
    
     
      p
      foray
      eagle)
     
     
      des
      Pete
      erties