Alex LeBlanc, executive director of the Multicultural Council of New Brunswick, said the loan will help people who don’t want to go back to square one in their studies but have trouble getting regular bank loans. (Joe McDonald/CBC)
The newly announced Atlantic Immigrant Career Loan Fund will help newcomers to Canada get their credentials recognized. The program will pay up to $15K towards tuition, exams, materials, travel, and living costs in order to help those in regulated or unregulated professions meet the regulation requirements for credential recognition and pursue their personal career goals in Canada. “It’s a significant challenge for our economy, but, for individuals, it’s also extremely frustrating to be working below your skill level,” said Alex LeBlanc, executive director of the New Brunswick Multicultural Council. “Credential recognition is a significant challenge for newcomers when they come to […] Canada.” The program is based on a federal pilot project that saw participants access loans between 2012 and 2015 with a 97% repayment rate.