BUSINESS

P.E.I. To Forgive Student Loans Of Severely Disabled People

10/23/2015 01:06 EDT | Updated 10/23/2016 05:12 EDT
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Lighthouse in Victoria Park, Charlottetown, Prince Edward Island, Canada.
CHARLOTTETOWN — The P.E.I. government says it will forgive student loans for people who develop a severe disability after they borrow money.

The changes are being adopted by the provincial Student Financial Assistance program and are effective immediately.

The students will have to qualify for the Severe Permanent Disability Benefit under the Canada Student Loan Program.

The program is for people who develop a permanent disability that prevents them from earning an income. 

Minister of Workforce and Advanced Learning Richard Brown says the policy should lift the debt load for people with disabilities. 

Prior to the change, people with severe permanent disabilities were eligible for forgiveness, but required a ministerial order.