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B.C. Reg. 236/2001
O.C. 905/2001
Deposited October 12, 2001
This consolidation is current to January 9, 2018.
Link to Point in Time

Financial Administration Act

Forgiveness of Student Loans Regulation

[includes amendments up to B.C. Reg. 144/2015, July 24, 2015]

Definitions

1  In this regulation:

"branch" means the Student Services Branch of the Ministry of Advanced Education;

"student loan" means a debt or obligation to the government owed by a student as a result of a loan, including a direct loan, guaranteed loan and risk shared loan, made to the student under StudentAid BC.

[am. B.C. Reg. 144/2015, s. 1.]

Forgiveness of student loans

2  Subject to section 3, all or part of a student loan may be forgiven by the following persons:

(a) the Minister of Advanced Education;

(b) the Deputy Minister of Advanced Education;

(c) the executive director of the branch if, in respect of the student loan, the total amount of principal and interest forgiven is not more than $40 000;

(d) a director of the branch if, in respect of the student loan, the total amount of principal and interest forgiven is not more than $20 000.

[am. B.C. Reg. 144/2015, s. 2.]

Eligible student loan programs

3  For the purposes of section 2, this regulation applies only to student loans in respect of the following programs:

(a) the British Columbia Access Grant for Labour Market Priorities;

(b) the British Columbia Completion Grant;

(c) the British Columbia Completion Grant for Graduates;

(d) the British Columbia Loan Forgiveness Program;

(e) the British Columbia Loan Remission Program;

(f) the British Columbia Severe Permanent Disability Benefit;

(g) the Pacific Leaders British Columbia Loan Forgiveness Program.

[en. B.C. Reg. 144/2015, s. 3.]

[Provisions relevant to the enactment of this regulation: Financial Administration Act, R.S.B.C. 1996, c.138, section 18 (2)]