Canada Student Financial Assistance Regulations

28 (1) For the purposes of subsection 9.2(1) of the Act, the Minister may forgive the lesser of the outstanding principal of the borrower’s student loan and

• (a) for the first year in respect of which the borrower qualifies for loan forgiveness,

  • (i) $8,000 in the case of a family physician, dentist, pharmacist or psychologist,

  • (ii) $4,000 in the case of a nurse, nurse practitioner, midwife, teacher, social worker or physiotherapist, or

  • (iii) $2,000 in the case of an early childhood educator, dental hygienist or personal support worker;

• (b) for the second year in respect of which the borrower qualifies for loan forgiveness,

  • (i) $10,000 in the case of a family physician, dentist, pharmacist or psychologist,

  • (ii) $5,000 in the case of a nurse, nurse practitioner, midwife, teacher, social worker or physiotherapist, or

  • (iii) $2,500 in the case of an early childhood educator, dental hygienist or personal support worker;

• (c) for the third year in respect of which the borrower qualifies for loan forgiveness,

  • (i) $12,000 in the case of a family physician, dentist, pharmacist or psychologist,

  • (ii) $6,000 in the case of a nurse, nurse practitioner, midwife, teacher, social worker or physiotherapist, or

  • (iii) $3,000 in the case of an early childhood educator, dental hygienist or personal support worker;

• (d) for the fourth year in respect of which the borrower qualifies for loan forgiveness,

  • (i) $14,000 in the case of a family physician, dentist, pharmacist or psychologist,

  • (ii) $7,000 in the case of a nurse, nurse practitioner, midwife, teacher, social worker or physiotherapist, or

  • (iii) $3,500 in the case of an early childhood educator, dental hygienist or personal support worker; and

• (e) for the fifth year in respect of which the borrower qualifies for loan forgiveness,

  • (i) $16,000 in the case of a family physician, dentist, pharmacist or psychologist,

  • (ii) $8,000 in the case of a nurse, nurse practitioner, midwife, teacher, social worker or physiotherapist, or

  • (iii) $4,000 in the case of an early childhood educator, dental hygienist or personal support worker.

(2) The maximum number of years in respect of which an amount may be forgiven in respect of a student loan is five minus the number of years in respect of which an amount has been forgiven under subsection (1) in respect of a previous student loan.