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The government of British Columbia eliminated interest on its student loans on February 19, 2019. The Canadian federal government eliminated interest on its student loans as of April 1, 2023. [8] In September 2010 the amount of student loans owed to the Government of Canada surpassed $15 billion.
In principle the funding of post-secondary education in Alberta is a responsibility shared by students, their families and society. In a context of rising student costs, the Alberta government has set in place policies in areas such as tuition fees and financial assistance to ensure adequate levels of access and affordability. [20]
Alberta Advanced Education (also known as the Ministry of Advanced Education) is a ministry in the Executive Council of Alberta. Alberta Advanced Education is responsible for the public funding of post-secondary institutions in the province, in addition to loans and grants for post-secondary students.
The Alberta Initiative for School Improvement (AISI) was an Alberta government initiative which sought to "improve student learning and performance by fostering initiatives that reflect the unique needs and circumstances of each school authority." [29] Funding for AISI was suspended as part of the 2013 Alberta Budget. [30]
This program provides complete federal student loan forgiveness within 10 years, or after 120 “qualifying” monthly payments, Forbes added. However, borrowers must be employed full-time with a ...
For the first 6 months after graduation, finishing studies, or no longer being a full-time college or university student: no loan payments are needed; interest is charged on the Ontario portion of the student loan; interest will not accrue on the Canada portion of the student loan [25] This is a 6-month grace period.
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