Repayment Essentials
Canada Student Loan
National Student Loans Service Centre
Loan Status | Study Period | Non-Repayment Period | Repayment Period |
| You are in school | The 6-month period after you finish school | Begins the 1st day of the 7th month after your loan is in Non-Repayment period | |
No interest. No payments required. | No interest. No payments required. Prior to Nov 1, 2019: Begins the first day of the next month, after your period of study end date. You can make payments while you are in Non-Repayment period to pay your loans off faster. | No interest. Payments required. Prior to April 1, 2023: A monthly payment schedule is set up for you automatically. Sign on to my NSLSC account to:
You can change the frequency of payments from monthly to biweekly or weekly, by calling the National Student Loan Service Centre. |
Canada Student Loans | Permanent Elimination of Interest
The Government of Canada permanently eliminated the accumulation of interest on all Canada student loans including loans currently in repayment as of April 1, 2023. Students are still responsible to pay any interest that may have accrued on their Canada loans before April 1, 2023.
