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pritsh Columbia NEWS RELEASE
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MINISTRY OF EDUCATION RELEASED: October 31, 1985

PRESS RELEASE #107 CONTACT: Eric Denhoff 387-4611 |

The first of 4000 recent post-secondary graduates are about to receive some good
news from Universities Minister Pat McGeer and Education Minister Jack Heinrich

-- portions of their student loans have heen forgiven.

Under the new Provincial Student Loan Remission program, the Provincial
Government repays, upon graduation, a portion of each student's provincial loan.
The program provides financial incentive encouraging students to complete their

studies to graduation.

Letters have been sent to the first 1300 of 1985 graduates to let them know 4
quarter of their student loans has now been repaid. The letter advises them to
contact their bank or savings institution to determine details and explains that

(he program applies to the provincial loan only, not the Canada Student loan.

“We expect the next batch of Loan Remission letters to go out within a month,"

Heinrich said. "Most of the “emaining springtime graduates who are eligible for
the program will be advised in that mailing."

The Loan Remiss on Program is pa-t of the Provincial “overnment‘s posi-secunda 4
Partners in Progress Through Education initiative. The initiative includes the
B.C. Post-Secondary Scholarship Program, also announced last summer.

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