Helping health care and social service professionals focus on patients, not student loan debt
2025-02-14 19:30
Canada All National News
The federal government is investing \$2 billion over four years to help health care and social service professionals pay off their student loans. The announcement was made by Prime Minister Justin Trudeau at an event in Toronto on Tuesday.
The new program will provide up to \$40,000 in loan forgiveness for eligible health care and social service professionals who work in underserved communities. The program will also provide up to \$20,000 in loan forgiveness for eligible professionals who work in rural or remote areas.
The government estimates that the new program will help over 125,000 health care and social service professionals pay off their student loans. The program is expected to cost \$2 billion over four years.
Trudeau said the new program is part of the government’s commitment to making sure that health care and social service professionals have the support they need to provide high-quality care to Canadians.
“We know that student loan debt can be a significant burden for health care and social service professionals,” Trudeau said. “This new program will help them pay off their student loans faster, so they can focus on what matters most: providing high-quality care to Canadians.”
The new program is being welcomed by health care and social service organizations.
“This is a significant investment in the health care workforce,” said Dr. Eric Hoskins, president of the Canadian Medical Association. “It will help to attract and retain health care professionals in underserved communities, and it will make it easier for them to focus on providing high-quality care to patients.”
“This is a great step forward for social workers,” said Dawn Smith, president of the Canadian Association of Social Workers. “It will help to reduce the financial burden on social workers, and it will make it easier for them to provide essential services to Canadians.”
The new program is expected to launch in the fall of 2025.
Helping health care and social service professionals focus on patients, not student loan debt
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