Virtually all Canadian post-secondary students understand the struggle of looking after their finances while attending and after attending school. The majority of students borrow student loans that are worth up to tens of thousands of dollars; these debts often continue to haunt students’ lives in their 20’s, 30’s, and beyond.

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The idea of allowing students to use travel points to repay their loans is an excellent idea not only for the students, but for the economy and society as a whole. While students have another method to help pay off their debts, airline companies benefit by increased incentive to travel and the government could collect outstanding debts with no extra cost to taxpayers. The decision to use travel points to repay student loans can only spell a win-win-win situation.