Thursday, November 08, 2007

Student Loans

I Did it ! It is done ! I've paid off my Canada Student Loan today ! WOOO HOOO!

I started out with 4 different loans after finishing my degree. I got caught in the time frame where BC student loans and National Student Loans were dealt with through the banks. So I had 1 loan through the bank for a BC Loan and another 1 for my Canada loan as well as the ones through BC Student Loans and National/Canada Student Loans = 4 different loans.

I paid off a while ago the 2 through my bank, I just paid off my Canada Student Loan today ! and my BC student loan is being forgiven as there is a program in BC that if you are in Health Care and are working in an under-served community then the Government will payoff (Forgive) 33.33% of your loan for each year you work there. So you don't have to pay payments or any of the interest, the only bad part is all the paper work you have to fill out to apply for the program at the start of each year, and then you have to prove at the end of each year that you are working in an under-served community.

Now I just have to make sure I continue to work in an under-served community in British Columbia for a couple more years, then I too will be free of personal debt !

1 comment:

Matt, Kara, Hunter and Cavan said...

CONGRATULATIONS LEANNE!!!!

That is such a nice feeling to get that all done. And I am jealous about your others being forgiven!!