Bc student loan interest relief program

Therefore, the balance at the date of registration onto the loan forgiveness program will be the balance used for the calculation of benefits. You may be eligible if you: are in repayment of an outstanding B. Eligible occupations in underserved communities are: Nursing including licensed practical nursing, nurse practitioners, registered psychiatric nurses and registered nurses Physician, including residents Midwifery Medical laboratory technologist Diagnostic medical sonographer Speech language pathologist Audiologist Occupational therapist Physiotherapist Respiratory Therapist Polysomnographer.

Eligible occupations working with children throughout B. Instructions 1 Ensure you have access to the StudentAid BC Dashboard to receive all notifications and to submit documentation as required. Make sure you supply the same email address for all StudentAid BC program applications. Loan Forgiveness Program application, and confirm checklist is complete. Download Form B. All individuals with a loan in good standing are eligible for principal deferment.

This option allows you to defer your principal payments for a period of time, generally not longer than 6 months. You will still be responsible for paying the interest during this time. Note that deferring your principal payments will extend the amortization period and all loans must be repaid within Due to specific needs within the province, the BC government will grant loan forgiveness to individuals working in specific professions.

Qualifying people will typical work in the health field in remote locations or as teachers specializing in working with students with disabilities. If you think you might qualify you can apply to have a portion of your loan forgiven. To learn about the requirements for loan forgiveness, click here. Budgeting Guidelines Budget Calculator. Applicants must provide documentation that their employment duties are "law related.

The Committee will make awards for applicants based on monthly payments as determined under federal income-driven repayment plans e. First-time applicants should select a repayment plan and receive official determination of their actual monthly payments prior to the December 1 LRAP application deadline.

New graduates should begin repayment during the fall following their graduation. For all applicants who are eligible for federal income-based repayment plans, the Committee will make awards based on these figures even if the applicant does not select one of these plans. Applicants who are eligible for one of these plans, but have not elected such a plan, will be asked to calculate and submit a worksheet to the Committee demonstrating what their monthly payment would be under the Revised Pay As You Earn REPAYE plan.

Calculators are available at studentloans. State LRAP. This program contains detailed information on student debt relief programs and how they work, including understanding your student loans, Public Service Loan Forgiveness, income-driven repayment plans and Loan Repayment Assistance Programs. It also has resources for students to help navigate debt relief options, including webinars, email updates, video guides, and a free comprehensive ebook.

Debt Relief Program. Recent Graduates and current students can use the resources at AccessLex to develop a strategic approach to student loan repayment, review PSLF resources and understand eligibility as well as schedule a meeting with an AccessLex financial counselor.

Skip to main navigation Skip to main content. Loan and Repayment Assistance. Francis X. Bellotti Loan Repayment Assistance and Forgiveness Program Loan repayment and assistance programs LRAP help law school graduates in law-related public interest careers by helping them repay their educational debt. Recipients and Distributions The Committee shall determine annually the award recipients and their award distribution.