Lib­er­als write off $178 mil­lion in loans

Metro Canada (Vancouver) - - CANADA -

The federal gov­ern­ment for the sec­ond year in a row is writ­ing off mil­lions in stu­dent loans it will never col­lect, this time $178.4 mil­lion.

The money rep­re­sents 32,554 loans that federal of­fi­cials be­lieve they will never be able to col­lect, ei­ther be­cause a debtor may have filed for bank­ruptcy, the debt it­self has passed a sixyear le­gal limit on col­lec­tion, or the debtor can’t be found.

Last year, the gov­ern­ment wrote off 33,967 loans to­talling $176 mil­lion.

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