Student Loan Forgiveness 2024 Canada Deadline. At least 20 years of repayment, if you have undergraduate loans only. Effective november 2023, the government of canada has increased the maximum amount forgivable by 50%.
Until the end of the 2024 to 2025 school year, you could receive up to $4,200 per year or up to $525 per month of study. In budget 2024, the government proposes to amend the canada student financial assistance act and the canada student loans act to permanently expand the.