236_2001 — Forgiveness of Student Loans Regulation

s. 1 — Definitions

In this regulation:

s. 1 — branch

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

s. 1 — student loan

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.

s. 2 — Forgiveness of student loans

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

s. 2(a)

the Minister of Advanced Education;

s. 2(b)

the Deputy Minister of Advanced Education;

s. 2(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;

s. 2(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.

s. 3 — Eligible student loan programs

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

s. 3(a)

the British Columbia Access Grant for Labour Market Priorities;

s. 3(b)

the British Columbia Completion Grant;

s. 3(c)

the British Columbia Completion Grant for Graduates;

s. 3(d)

the British Columbia Loan Forgiveness Program;

s. 3(e)

the British Columbia Loan Remission Program;

s. 3(f)

the British Columbia Severe Permanent Disability Benefit;

s. 3(g)

the Pacific Leaders British Columbia Loan Forgiveness Program.