If you choose to direct Credits toward paying off an eligible student loan for you or an eligible dependent, the value of the Credits will be paid to you after you provide the payroll team with proof of an outstanding student loan. The minimum amount which can be directed to pay an outstanding student loan is $200.

Accepted proof of an outstanding student loan is either:

• a current student loan statement;
• or current student line of credit

In order to receive reimbursement, please send your documentation to Payroll@telus.com for processing. If the Payroll team does not receive your supporting documentation by the end of the benefit plan year in which you earn your Credits, you will forfeit the payment.

When the funds are processed, they will be added as earnings to your pay advice and subject to taxes.

Please note: student loans converted to Lines of Credit, Personal Lines of Credit, credit card statements, personal loan statements, and receipts are not eligible documents.

Please refer to your benefits manual, found in the Info drop-down at the top of this page, for more information.