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Pacific Leaders B.C. Loan Forgiveness Program
The Pacific Leaders B.C. Loan Forgiveness program
promotes the B.C. Public Service as a potential
employer to new post-secondary graduates, and a
progressive employer to current employees, by
forgiving their outstanding B.C. student loan debt
at a rate of one third per year. If they continue to
work for the B.C. Public Service for three years,
their B.C. student loan will be paid off in full.
- The Pacific Leaders B.C. loan forgiveness
program is open to all new recruits and any
full-time or part-time regular employee of the
provincial government who has a B.C. student
loan in good standing.
- Employees’ loans will be interest-free once
they are enrolled in the program, and a third of
their outstanding principal will be paid at the
end of each year of service.
- The Pacific Leaders Loan Forgiveness program
is a taxable benefit and any payment that is
made to reduce your outstanding B.C. student
loan by the B.C. Government will be added to
your income for tax purposes.
- As of November 2007, all current or new
employees must submit an
application to enrol
in the Pacific Leaders B.C. loan forgiveness
program.
If you have questions about the program, please
call StudentAid BC at 387-6100 in Victoria or
e-mail them at:
AVED.SABC.Debt.Management@gov.bc.ca,
604 660-2610 in Vancouver, and
1-800-561-1818 anywhere else in B.C., and ask to
speak with a repayment counsellor.
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