Coalition for Student Loan Fairness
AUSU is currently investigating the Coalition for Student Loan Fairness (CSLF) to determine if participation with this group would be advantageous to our members. The group, a grassroots movement of student loan borrowers from across Canada, supports fairness in the loans repayment process.
The CSLF notes that Canadian students are charged a rate of 2.5 to 4.5% above prime for loan repayment, resulting in interest charges that can amount to as much as 33% of the loan principal over the lifetime of the loan. Borrowers who utilize interest relief during low-income periods may pay considerably more. Given that student loans are offered as a public service and incentive to learning, the high profitability of these loans is of concern to AUSU.
CSLF also notes that students over the age of 30 are not included in government surveys of student loan experiences. This is of particular concern to AUSU as the majority of our membership is 30 years of age or older and we know from our experiences with our members that the current loans program does not adequately serve these members, nor does it serve members who wish to work to support themselves while studying part-time.
CSLF also asks that the government provide an Ombuds office to handle student loan complaints–a change that would help address many of the problems we hear about regarding lost forms, incorrect instructions, and confusing requirements. Additionally, CSLF supports providing for consolidation of multiple student loans into a single loan with a single payment, a change that many students have asked for.
Members are encouraged to check out the CSLF website
AUSU Frappr – Show Us Where You Are!
On June 20 AUSU launched a Frappr member map on the front page of AUSU.org. Just three days later, nearly 140 members have added their dot to our map, and a “picture” of the dispersion of our website visitors is taking shape. We’re thrilled to see so many of you leaving your little mark on our site, and we love all the great pictures and shoutouts people have uploaded. Members who have left anonymous pins are encouraged to add their name (or alias, if you are shy) so we know you are all different people! If you haven’t added your mark, drop by the AUSU website–and don’t forget to read the posting information if you are new to Frappr.