NS raises payment threshold for student loan Repayment Assistance Plan

October 27, 2016

Nova Scotia has announced that students using the province’s Repayment Assistance Plan will not be required to start repaying their student loans until they make $25K per year, an increase from the previous threshold of $20K. The move mirrors a similar change in the federal student loan repayment program and will take effect starting on November 1, 2016. “We are happy to hear that Nova Scotia is being proactive in giving more financial assistance to students who need it most,” said Students Nova Scotia Executive Director Sophie Helpard. NS Labour and Advanced Education Minister Kelly Regan added that “every dollar counts when graduates are beginning their careers. We hope this change provides some relief to young people as they build their lives in Nova Scotia.” NS