I started this petition with the goal of starting conversations, creating change, and advocating for interest-free provincial student loans within Alberta.

With the ever-increasing costs of post-secondary education and the economic volatility present within Alberta, student loan repayments are becoming more difficult for individuals to fulfill.

Student loans are typically viewed/marketed as "low-interest" loans but this may not materialize due to the volatility of the prime rate (as the floating interest rate on Alberta student loans is prime + 1%).

Alberta student loans should be interest-free in order to allow individuals to have increased economic freedom/choice, shortened loan terms, and enhanced ability to pursue additional education.

Education is important and we shouldn't be paying interest on it.

The current floating interest rate for Alberta student loans equates to 6.45%.

UPDATE: Effective October 27, 2022, the floating interest rate for Alberta student loans will increase to 6.95%.

UPDATE: Effective December 8, 2022, the floating interest rate for Alberta student loans will increase to 7.45%.

UPDATE: Effective January 26, 2023, the floating interest rate for Alberta student loans will increase to 7.70%.

UPDATE: Effective June 8, 2023, the floating interest rate for Alberta student loans will increase to 7.95%.

UPDATE: Effective July 1, 2023, interest rates on Alberta student loans have decreased to the prime rate as part of Alberta's Affordability Action Plan. Therefore, the floating interest rate for Alberta student loans will decrease to 6.95%.

UPDATE: Effective July 13, 2023, the floating interest rate for Alberta student loans will increase to 7.20%.

#interestfreeABstudentloans