Briefly describes Canada's student loan system, including the typical costs of a year of postsecondary schooling and the levels of financial support available. Reports the results of an empirical analysis showing that borrowing remains at reasonable levels and repayment difficulties are still relatively uncommon. Suggests various reforms, including higher borrowing limits, wider eligibility, more assistance for those facing repayment difficulty, and shared contributions to postsecondary education. (EV)