Canada Student Financial Assistance Regulations

28 (1) For the purposes of subsection 9.2(1) of the Act, the Minister may, for a year, forgive the lesser of

• (a) the outstanding principal of the borrower’s student loan, and

• (b) $8,000, in the case of a family physician or $4,000, in the case of a nurse or nurse practitioner.

(2) The maximum number of years in respect of which an amount may be forgiven is five.