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Student Loan Forgiveness
The federal government announced further details on the Student Loan Forgiveness program. The main highlights are:
• Teachers who work in communities of 30,000 people or less (according to census figures) will be eligible for portions of their federal student loan to be forgiven. An eligible community is defined as a “population centre with a population of no more than 30,000, or a rural area”. The CTF/FCE anticipates that closer to the implementation date, people will be able to confirm eligibility by putting in their postal code to a Government of Canada website.
• Teachers who qualify would be eligible for up to $30,000 in loan forgiveness over 5 years. The annual forgiveness amount will be $4,000 in year 1, $5,000 in year 2, $6,000 in year 3, $7,000 in year 4, and $8,000 in year 5.
• Loan forgiveness will begin on November 1, 2025. More info: contact Mark Garcia, Advocacy and Government Relations Coordinator, at
mgarcia@ctf-fce.ca
The new travel rate for the Annapolis Valley Regional Centre for Education will be changing to $0.5838 per kilometer, effective April 1, 2024. Travel expenses entered in MyAVRCE will automatically adjust to the new rate.
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