Here in N.B., the politicians in government were thinking about relieving the student loan debts of doctors who agreed to reside here for a certain number of years. I am not sure if this went through or not; but I still haven't had a doctor for over 10 years. I am on a waiting list. So you see, the government is able to forgive some loans. Just not the dead, apparently.
Hiring bonuses aren't uncommon, and they're a far cry from paying off debt for no reason (although, as the article states, the gov has changed to a system where the debt is forgotten upon death). I know when hiring was competetive in the petroleum field, there were guys who were getting hiring bonuses to relieve them of school debt. That's the business of whoever hires them.
True enough. I guess I am not understanding the article....are these loan officers calling the parents of dead "loanees " by accident? I suppose it would be difficult to know who is dead and who is alive until they are actually told.
According to the article, they are sent letters asking if there are nay funds in the estate to pay back the loan. Seems pretty basic to me. Someone goes further to state they're harassed, which, to me would indicate someone is phoning to collect on co-signed loans. Considering the tiny sum they've collected, they're obviously not trying very hard.
"A hundred accounts belonging to dead borrowers have been sent to the Canada Revenue Agency for collection since 2002, according to documents obtained by the coalition under Access to Information legislation."....but did the government realize these people were already dead. The article really didn't say, or did it?
No, it didn't really clarify. But, even if they were, I don't see anything wrong with a letter sent asking if there are funds there for that. People should know when they take out loans that they're there (unless insured) even after they pass away.
I'm thrilled that the gov is doing it a different way now though.