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 is assisting pupils be smarter about their economic choices, newly disclosed papers reveal.

The review, anticipated by April, can look at exactly just how effectively two departments mixed up in program — Employment and personal developing Canada as well as the Canada Revenue Agency — have managed “risks to your general public treasury” in doling out cash to pupils.

Another product within 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’ monetary literacy.

Whilst the auditor general’s report won’t be out for days, high-level information on the review come in a briefing note acquired by The Canadian Press underneath the use of Ideas Act.