Clampdown on Federal Student Debt Leads to Small Bump in Collections


A concerted effort by federal officials to round up more money from student loan borrowers who defaulted has yielded a small increase in collections. The Canada Revenue Agency says it was able to collect $208.8 million this year, about $10 million more than it did two years ago when the government decided that loan writeoffs had spun out of control and collection efforts needed to ramp up. The year-over-year increases, though, have been relatively small: a two-per-cent increase between 2014 and 2015, and a three-per-cent increase between last year and this one.