Employment Canada will forgive 50 percent of new medical school graduates’ Canada Student Loans, up to $60,000, if they agree to stay working in Canada.
According to a Regulatory Impact Analysis Statement dated June 24, the loan forgiveness will cost the federal government $3.2 million a year, but is necessary to staff rural areas of Canada with doctors and nurses.
“Among the many factors that contribute to the limited access to health care services in rural and remote areas is the challenge of attracting family physicians, nurses and nurse practitioners to these communities,” said the document.
The program would take effect in “late fall 2023,” the report indicated. According to Blacklock’s Reporter on June 26, there was no set start date….