Thank you, Mr. Speaker. Mr. Speaker, when a person is enrolled in an approved institution, they are not required to make payments on the student loan as long as they are considered full-time under the typical requirements of the NWT Student Financial Assistance program. So if a person makes arrangements to continue on their schooling at their own expense, they would not be expected to repay the student loans, for instance, in the subsequent year. If, however, they haven't made arrangements quickly enough, then the debt has been transferred to FMBS. Then Education, Culture and Employment can no longer have anything to do with the debt to this government because the debt has been transferred from Education, Culture and Employment to FMBS. Arrangements have to be made then with FMBS. I know that FMBS is prepared to consider token payments as long as the will is there to make good on the loan in the long run and there is a demonstration of good faith by the person who owes the money so that they are making what is $25 or $50 payments each month towards their outstanding debt. Thank you, Mr. Speaker.
Charles Dent on Question 309-15(3): Fairness In Payment Of Student Financial Assistance
In the Legislative Assembly on October 26th, 2004. See this statement in context.
Return To Question 309-15(3): Fairness In Payment Of Student Financial Assistance
Question 309-15(3): Fairness In Payment Of Student Financial Assistance
Item 6: Oral Questions
October 25th, 2004
Page 997
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