Section 1 BEFORE amended by BC Reg 144/2015, effective July 24, 2015.
Definitions
1 In this regulation:
"branch" means the Finance and Administrative Services Branch of the Ministry of Education;
"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 the British Columbia Student Assistance Program.
Section 2 BEFORE amended by BC Reg 144/2015, effective July 24, 2015.
Forgiveness of student loans
2 Subject to section 3, all or part of a student loan may be forgiven by the following persons:
(a) the Minister of Advanced Education and Labour Market Development;
(b) the Deputy Minister of Advanced Education;
(c) the 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;
(d) a manager of the branch if, in respect of the student loan, the total amount of principal and interest forgiven is not more than $20 000.
Section 3 BEFORE amended by BC Reg 144/2015, effective July 24, 2015.
Eligible student loan programs
3 For the purposes of section 2, this regulation applies only to student loans in respect of the following programs:
(a) the British Columbia Permanent Disability Benefits Program;
(b) the British Columbia Debt Reduction in Repayment Program;
(c) the British Columbia Loan Remission Program;
(d) the British Columbia Loan Forgiveness Program;
(e) the British Columbia Loan Reduction Program;
(f) the Pacific Leaders British Columbia Loan Forgiveness Program;
(g) the British Columbia Early Childhood Education Loan Assistance Program;
(h) the British Columbia Loan Reduction Program for Residential Care Aid and Home Support Worker Programs.
[am. B.C. Regs. 523/2004; 283/2007; 378/2008.]