Canada Student Loan Forgiveness Program For Nurses Canada Student Loan forgiveness for family doctors and nurses What you need before you start Canada ca Overview Eligibility How much could you receive What you need before you start Apply What you need before you start Loan forgiveness period
Nurses and nurse practitioners may be eligible for forgiveness of 4 000 per year to a maximum of 20 000 over five years See Designated communities for definition B ELIGIBILITY C Licensing requirements You must have a valid licence from a province or territory to practice one of the following professions a for the first year in respect of which the borrower qualifies for loan forgiveness 8 000 in the case of a family physician or 4 000 in the case of a nurse or nurse practitioner
Canada Student Loan Forgiveness Program For Nurses
Canada Student Loan Forgiveness Program For Nurses
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Boissonnault said up to 60 000 will be forgiven for a family physician or family medicine resident and up to 30 000 for a nurse or nurse practitioner with a Canada Student Loan An estimated This 50 increase in Canada Student Loan forgiveness is expected to attract nearly 1 200 new doctors and 4 000 new nurses to under served rural and remote communities across the country
Expanding the Canada Student Loan Forgiveness program to pharmacists dentists dental hygienists midwives early childhood educators teachers social workers personal support workers physiotherapists and psychologists who choose to work in rural and remote communities This builds on existing loan forgiveness for Date modified 2019 11 18 CanLearn is Canada s trusted source of interactive and comprehensive information and services designed to help individuals save plan and pay for lifelong learning opportunities
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The initiative falls under the Canada Student Financial Assistance CSFA Program which provides partial student loan forgiveness to eligible healthcare professionals including family doctors nurses and nurse practitioners who practised in an under served rural or remote community If you are a nurse who qualifies you could receive up to 20 000 in Canada Student Loan forgiveness over a maximum of five years 4 000 per year Loan forgiveness will apply to your outstanding loan principal balance after the end of your 12 months of service You will be required to keep making regular interest payments
Nurses and nurse practitioners will receive forgiveness of one fifth 20 of their outstanding Saskatchewan Student Loan debt up to 4 000 annually for up to five years to a maximum of 20 000 Providing student loan forgiveness of up to 60 000 for doctors and 30 000 for nurses who choose to work in rural and remote communities Budget 2024 builds on this by expanding student loan forgiveness to more rural and remote health professionals including dentists and dental hygienists pharmacists psychologists physiotherapists
What To Know About Student Loan Forgiveness For Nurses
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Canada Student Loan forgiveness for family doctors and nurses What you need before you start Canada ca Overview Eligibility How much could you receive What you need before you start Apply What you need before you start Loan forgiveness period
https://www. canada.ca /.../forms/forgiveness.pdf
Nurses and nurse practitioners may be eligible for forgiveness of 4 000 per year to a maximum of 20 000 over five years See Designated communities for definition B ELIGIBILITY C Licensing requirements You must have a valid licence from a province or territory to practice one of the following professions
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Canada Student Loan Forgiveness Program For Nurses - Increasing the maximum amount of forgivable Canada Student Loans by 50 per cent from 40 000 to 60 000 for doctors and from 20 000 to 30 000 for nurses working in underserved rural or remote communities This policy will be effective April 1 2023 5 Year Cost millions
