delete Canada Student Loans Regulations
This regulation defines key terms and establishes rules for Canada's federal student loan program, including student status definitions (full-time, part-time, disability), professional qualifications for loan eligibility, enrollment verification requirements, loan consolidation procedures, and default triggers. It governs when students cease to be full-time, medical/parental leave provisions, and repayment obligations.
The entire federal student loan program should be eliminated because it: 1) distorts educational market signals and inflates tuition costs (Bennett hypothesis), 2) creates moral hazard by socializing risk through taxpayer-backed loans, 3) bureaucratically defines 'eligible' students and professions, interfering with voluntary exchange, 4) imposes complex reporting and verification requirements that increase administrative burden, and 5) competes with and crowds out private financing alternatives that would more efficiently allocate capital based on merit and market demand. Students should finance education through private lenders, family support, apprenticeships, or income-share agreements where risk is borne by those who choose to invest, not taxpayers.