British Columbia Order in Council — Order under Financial Administration The Forgiveness of Student Loans Regulation is made (O.C. 905/2001)

O.C. 905/2001

British Columbia — Orders in Council

ieutenant Governor PROVINCE OF BRITiSH,COLUMBIA ORDER OF THE LIEUTENANT GOVERNOR IN COUNCIL Order in Council No. 9 05 , Approved and Ordered OCT 1 1 Executive Council Chambers, Victoria On the recommendation of the undersigned, the Lieutenant Governor, by and with the advice and consent of the Executive Council, orders that the attached Forgiveness of Student Loans Regulation is made. Minister of F. nce Presidi (This

part is for administrative purposes only and is not rt of the Order.) Authority under which Order is made: Act and section:- Financial Administration Act, RSBC 1996, c. 138, section 18 (2) Other (specify):- 0/C September 19, 2001 A /2001/37 FORGIVENESS OF STUDENT LOANS REGULATION

Definitions 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. Forgiveness of student loans Subject to

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

a) the Minister of Advanced Education; (

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. Eligible student loan programs 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 for Nursing and Medical Students. 1 of 1

Document details

Collection	British Columbia — Orders in Council
Citation	O.C. 905/2001
Type	order_in_council
Volume / chapter	arc oic 0905 2001
Language	en
Format	pdf
Source	PROVINCIAL
Identifier	474eb65d805e63e7c5a07677231b3b9dfd6c7d71

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