The federal government will eliminate all credit screening on Canada Student Loan borrowers effective Aug. 1, according to Employment and Social Development Canada, which says most applicants were previously approved regardless of their check results. “In reality it only creates a barrier for first-time student financial assistance applicants aged 22 or older who have to…
Newly Graduated Doctors Who Work in Rural Canada Offered 50 Percent Off Student Loan Balances
Employment Canada will forgive 50 percent of new medical school graduates’ Canada Student Loans, up to $60,000, if they agree to stay working in Canada. According to a Regulatory Impact Analysis Statement dated June 24, the loan forgiveness will cost the federal government $3.2 million a year, but is necessary to staff rural areas of…
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