B.C. loan forgiveness program


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Recent graduates in select in-demand occupations can have their B.C. student loans forgiven by agreeing to work at publicly funded health care facilities in underserved communities in B.C., or working with children in areas where there is an identified shortage in B.C.

What is available?

If you qualify for the B.C. Loan Forgiveness Program, the Province of British Columbia will forgive the outstanding B.C. portion of your Canada-B.C. integrated student loan debt at a rate of up to a maximum of 20% per year for up to five years.

If you complete five years of employment, all or a percentage of your B.C. student loan debt will be forgiven. While you are in the loan forgiveness program, the Province will also pay any outstanding interest that accumulates during each year you are registered in the program.

Am I eligible?

You may be eligible if you:

  • are in repayment of an outstanding B.C. student loan (not restricted in default, delinquent or bankruptcy)
  • have graduated from an accredited post-secondary educational institution
  • are working at a publicly funded health care facility in an underserved community in B.C. or working with children, in an eligible occupation.
  • are not enrolled in full-time post-secondary studies

Notes:

  • To receive benefits under this program you will be required to demonstrate a minimum number of in-person hours of service in an eligible occupation at a publically funded facility either in an underserved community or working with children (see the What are my responsibilities under this program Section).

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.C. are:

  • Speech language pathologist
  • Occupational therapist
  • Audiologist
  • Physiotherapist
  • School psychologist
  • Technology educator
  • Teacher of the deaf/hard of hearing or the visually impaired

Eligible Underserved Communities
100 Mile House Dawson Creek Kingcome Port McNeill Stewart
Ahousat Dease Lake Kitkatla Port Renfrew Tachet
Alert Bay Dog Creek Kitimat Port Simpson Tahsis
Alexis Creek Dog River Kitsault Powell River Takla Landing
Anahim Lake Edgewood Kitwanga Port Hardy Tatla Lake
Ashcroft / Cache Creek Elkford Klemtu Prince George Tatlayoko Lake
Atlin Fernie Kootenay Bay / Riondel Prince Rupert Telegraph Creek
Balfour Fort Babine Kuyquot Princeton Teppella
Bamfield Fort Nelson Lillooet Quatsino Terrace
Barriere Fort St. James Lower Post Queen Charlotte Texada Island
Bella Bella / Waglisla Fort St John / Taylor Lytton Quesnel Tofino
Bella Coola Fort Ware MacKenzie Redstone Reserve Trail / Rossland / Fruitvale
Big White Fraser Lake Masset Revelstoke Tsay Keh Dene
Blueberry River Galiano Island Mayne Island Rivers Inlet Ts’il Kaz Koh (Burns Lake Band)
Blue River Gold Bridge / Bralome McBride Saik’uz Tumbler Ridge
Bridge Lake Gold River Merritt Salmo Ucluelet
Burns Lake Golden Miocene Samahquam Valemount
Canal Flats Granisle Moricetown Saturna Island Vanderhoof
Canoe Creek Greenwood / Midway / Rock Creek Mount Currie Saulteau Wardner
Castlegar Halfway River Nadleh Savary Island Wasa
Chase / Scotch Creek Hartley Bay Nakusp Sayward Wet’suwet’en (Broman Lake)
Cheslatta Hazelton Nee Tahi Buhn Seton Portage Williams Lake
Chetwynd Holberg Nelson Sirdar Winlaw
Christina Lake / Grand Forks Hornby Island Nemaiah Valley Skatin Woss
Clearwater Hotsprings Cove New Aiyansh Skin Tyee Woyenne (Lake Babine)
Clinton Houston New Denver Slocan Park Yekooche
Cortes Island Hudson’s Hope Ocean Falls Smithers Zeballos
Cranbrook Invermere / Windermere Pender Island Sointula
Crescent Valley Kaslo Port Alice Sparwood
Creston Kimberley Port Clements Spences Bridge
Kincolith Stellat’en

How do I apply?

Instructions

  1. 1Ensure you have an active StudentAid BC online account to receive all notifications. Ensure you supply the same email address for all StudentAid BC program applications. If you are a new user of StudentAid BC, create an on line account by registering for an account.
  2. 2Read these instructions and conditions carefully.
  3. 3 Complete the B.C. Loan Forgiveness Program application..
  4. 4 Submit your application form to StudentAid BC, along with an employment letter. Your employment letter must contain all of the following:
    • must be on company letterhead;
    • current date (this date must be within one month of the date your application was received at StudentAid BC);
    • signed in ink;
    • applicant’s name and job title;
    • employment status (full-time/part-time/casual on-call);
    • hired/start date;
    • name of the publicly funded facility;
    • name of the community; and
    • whether working with children (for specific occupations).
  5. 5 Attach an official sealed transcript confirming graduation requirements have been fulfilled in an eligible occupation.
  6. 6 Read, sign and date SECTION 2 – Declaration, and return the completed package to StudentAid BC.

B.C. loan forgiveness application

PDF - 177.69 KB

What are my responsibilities?

Once you have been approved for the B.C. Loan Forgiveness Program, there are things you must do to maintain eligibility:

  • At the end of every 12 months of employment under the B.C. Loan Forgiveness Program Agreement,(your one year anniversary date), you must submit, within 30 days, to StudentAid BC a letter from your employer confirming that you have completed 12 months of employment and verifying the number of hours of in-person service provided; and
  • Maintain your current mailing and email address information with StudentAid BC.

Note: If your verified in-person hours of service is less than 400 and greater than 99 hours, your benefits under the program for that year will be prorated as indicated below.

Total Annual Hours of In-Person Service Annual Percentage pf BC Student Loan Debt Forgiveness
0 to 99 0%
100 to 249 10%
250 to 399 15%
400+ 20%

Important: If you plan on applying for loan forgiveness, any payments you make prior to your approval for loan forgiveness benefits will not be used in the calculation for eligibility. Therefore, the balance at the date of registration onto the loan forgiveness program will be the balance used for the calculation of benefits.

Were you in receipt of B.C. Loan Forgiveness Program benefits prior to April 1, 2015? Please call StudentAid BC at: 1-800-561-1818 with questions regarding eligibility criteria or responsibility to maintain eligibility