The province has announced changes to the provincial student loans program.
Beginning November first, students won’t have to repay their loans until they are making more than $25,000.
That’s an increase of $5000 over the previous threshhold.
Province Eases Student Loan Repayment Assistance Plan Rules https://t.co/7MBB8Rx2Eh pic.twitter.com/PCrdInVn99
— Nova Scotia Gov. (@nsgov) October 25, 2016
“Anytime there are changes in the student loan program federally we get a heads up. And then we start looking at can we do this and how can we do this?”
Regan says government is listening to students.
“The plan is available to borrowers who are having difficulty managing their monthly provincial student loan payments.”
This move comes after the province previously announced up to $30,000 of non-repayable support for a four-year university program.
Nova Scotia has taken several steps to protect the affordability of post-secondary education. More information at https://t.co/QygmrUo5AT pic.twitter.com/fxhIdG81iV
— Labour & Advanced Ed (@NSLAE) October 25, 2016
She says they’re trying to ensure students can complete their studies without financially crippling themselves as they enter the workforce.
