Wednesday, April 30, 2014

New Grads Can Apply For Loan Relief

New graduates can apply to have the government pay the interest on their provincial student loans. The average loan is roughly $5,600. Removing the interest would save about $800 over the life of the loan. Education Minister Kelly Regan says it will save money as people get ready to begin their career. In order to qualify, you would have to live in Nova Scotia, have a government-sponsored direct lend loan and have graduated from a post secondary school. A link to the application forms is available here