The 2004-05 Canada Student Loans Program annual report may be released to the public this week. The Globe and Mail has some of the details:
The report shows that about 40 per cent of all full-time students who attended postsecondary institutions during [the 2004-2005 year] used the federal portion of the student loan system, roughly the same as in previous years.
What has been increasing is the number of women who make use of the program. Their numbers have increased steadily, as has the amounts of their average loan. Sixty per cent of federal loans to full-time students went to women, who account for about 55 per cent of all postsecondary students. About 68 per cent of loans to part-time students were given to women.
The average loan to a female full-time student was $4,882, compared with $4,751 for men.
When it comes to repayments, the report shows that women also are more likely to ask for interest relief - 64 per cent of all relief requests come from women.
Part of the reason for the higher loan levels among women is because they are more likely to attend university rather than college, a program official said. University graduates experienced higher debt levels - an average of $14,342 compared with $8,845 for their college counterparts. (Numbers in the report are for the federal government's portion of student aid. Students also may have loans from provincial governments or private institutions.)
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