Posted by & filed under Accounting Principles, Student life.

 

Description: Not liking the look of the climbing balance in your student loan? Wondering how you are ever going to repay that thing after you graduate and start working? Well, how about using a travel rewards program such as Aeroplan to help pay down that debt? Two provinces have already started such a program and negotiations are under way to bring it to the federal level to address Canada Student Loans.

Source: Torontosun.com

Date: November 2, 2015

Link: http://www.torontosun.com/2015/11/02/repay-student-loans-with-your-travel-points-feds-looking-into-repayment-plan

Discussion Points:

1) Do you currently hold a student loan? If so, how concerned are you about its impact on your future post-graduation?

2) Does this option of paying down your loan with travel points seem like something you might use? Why or why not?

3) If you were the company granting the rewards, how would you account for the liability for the points accumulated by students?

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