Student receiving student financial assistance from this government are required to sign a number of documents both in advance of receiving assistance and upon completion of their studies. The same forms are used for students attending post-secondary education inside and outside the Northwest Territories.
I am separately provide the MLA for Inuvik with copies of all of the documents required at all stages of the student financial assistance process.
With respect to the consolidated loan agreement, this agreement obligates a student to repay the loans, both the principal and interest, made to him in accordance with the Student Financial Assistance Act and regulations, at the rate stated in the agreement.
The student must inform the government if he becomes a full-time student again after ceasing to be a full-time student. In such a case, the government will suspend the student's obligation to pay the principal and interest of the loan until six months after he again ceases to be a full-time student. Also, the student may repay the full amount of the loan at any time without penalty.
I would be pleased to arrange a meeting for the MLA for Inuvik with departmental officials to answer any more specific questions he may have on the student loan agreement or other documents used in the program.
I have Return to Written Question 18-12(4), asked by Mr. Patterson to the Government Leader concerning Ministers' home travel.