The Minister of Education, Marcela Cubillos, spoke out about comments made by President Sebastián Piñera regarding Chile’s tax reform and the financing of student loan forgiveness. In an interview with Radio Agricultura, Minister Cubillos stated that the President had never said that the tax reform would specifically fund the forgiveness of the CAE student loan program. The controversy surrounding the financing of student loan forgiveness has been a hot topic in Chile, with protests taking place across the country. The CAE program was established in the 2000s and offers loans to students who cannot afford higher education, but the high-interest rates and strict repayment conditions have left many graduates struggling to pay off their debts. The argument over the financing of the CAE’s forgiveness reveals the deeply-rooted economic disparities in Chilean society, where access to education is often determined by financial means. This article sheds light on the ongoing debate over education and financing in Chile and highlights the need for reforms that prioritize accessibility and affordability for all students.
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