New Student Loan Forgiveness 2025 Eligibility . Student Loan Programs Definition, Pros, & Cons As per Statistics Canada, the average Canadian graduate is burdened with over $27,000 in debt, turning student loans from lifesavers to significant financial strain. Student loans are often the first debt accrued by young Canadians with the average student loan at graduation for a Bachelor's degree being $30,600 in 2020, according to Statistics Canada
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The Nova Scotia Student Loan Forgiveness Program can help you repay the provincial portion of your loan for up to 5 years and $20,400 of forgiveness If you're approved, you could be forgiven up to $20,400 worth of debt for up to five years worth of payments.
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