teachers are now eligible for the Canada student loan forgiveness program!

You can apply for Canada Student Loan Forgiveness while you are in repayment. You can also apply if you are in study or in your 6-month non-repayment period.

To qualify, you need to have:

• worked in an eligible occupation

• worked in an eligible community

• been employed in your eligible occupation for a full year (12 consecutive months)

  • 10 consecutive months for early childhood educators, psychologists, social workers, and teachers, if they worked in a school

  • does not apply to residents in family medicine

• provided in-person services for a minimum of 400 hours , and

• have a student loan that is in good standing (must be up to date on your payments)

Once you have worked in an eligible occupation for a full year, you have 90 days to apply for the benefit.

To remain eligible, you must re-apply every year. A reminder will be sent to you each year as long as the Canada Student Financial Assistance Program records show that you may be eligible.

Loan forgiveness does not apply to:

• loans that have been converted to a line of credit

• private loans

• Ontario Medical Resident Loans

Check out the link for all the information! Canada Student Loan Forgiveness for Teachers.