In hopes of addressing healthcare worker shortages in some parts of Canada, the federal government is increasing loan forgiveness by 50 per cent for doctors and nurses working in under-served rural and remote communities.
This marks a 50 per cent increase to the maximum amount of forgivable Canada Student Loans for eligible family physicians, family medicine residents, nurses and nurse practitioners working in under-served rural and remote communities.
With these changes, a family physician or family medicine resident will be forgiven up to $60,000 while a nurse or nurse practitioner will be forgiven up to $30,000.
