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 how a federal government manages huge amounts of bucks into the Canada figuratively speaking system, and whether it’s assisting pupils be smarter about their monetary decisions, newly disclosed papers reveal.

The review, anticipated by April, can look at exactly how effectively two divisions mixed up in program — Employment and personal developing Canada in addition to 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 would be the departments’ “collection activities of student education loans, ” and a 3rd type of inquiry will assess how good the Financial customer Agency of Canada spent some time working to enhance students’ economic literacy.

Even though the auditor general’s report won’t be out for months, high-level information on the review have been in a briefing note acquired by The Canadian Press underneath the usage of Ideas Act.

The document ready when it comes to top servant that is civil Employment and personal Development Canada notes that really work in the review is underway since May 2019.

The auditor general’s workplace generally doesn’t remark on reviews until they become general public and declined to talk about that one, calling it “premature” to https://speedyloan.net/payday-loans-or do this. Continue reading “Canada education loan system to manage scrutiny of auditor general”