Government Student Loans are:
Interest free while you're in school. Interest on the loans doesn't start to accrue until you are out of school.
Do not require payments until six months after you stop going to school.
Offer interest relief and/or debt reduction assistance for some students, depending on their situation.
There are two types of student loan programs offered through Canadian governments:
Government loan programs were created to supplement the financial resources of students and their families and make post-secondary education accessible to all. These loans come from both the federal government and the provincial or territorial governments.
You and your family are responsible for meeting the basic costs of your post-secondary education. The purpose of government student financial assistance is to supplement, not to replace, the financial resources that you and your family contribute. Assistance is based on financial need as established by the federal and/or provincial governments through an assessment of your application.
You only need to submit one application. Apply through your province and you will be assessed for both types of government student loan simulatenously.
CanLearn
The one-stop online source for information on post-secondary education in Canada. Whether you're a student, a teacher, a counsellor, or a parent, CanLearn has everything you need to help plan and finance education and learning. You will find information about Canadian universities and colleges, scholarships, and much more.
The Canada Student Loans Program promotes accessibility to post-secondary education by lowering financial barriers through the provision of loans and grants for Canadians with a demonstrated financial need.
To qualify for the Canada Student Loans Program you can be either a full-time or part-time student.
National Student Loans Service Centre Everything you need to know to apply for, maintain and repay your student loan.
In order to qualify for a provincial student loan, you need to be registered as a full-time student. You must be registered in 9 credit hours each term (12 credit hours for Newfoundland loans). This is equivalent to three classes (each at 3 credit hours).
| Provincial Student Loans | |
| Alberta | http://www.alis.gov.ab.ca |
| British Columbia | http://www.aved.gov.bc.ca/studentservices/ |
| Manitoba | http:// www.studentaid.gov.mb.ca |
| New Brunswick | http://www.studentaid.gnb.ca |
| Newfoundland | http://www.ed.gov.nl.ca/studentaid/ |
| Nova Scotia | http://studentloans.ednet.ns.ca/ |
| Northwest Territories | http:// www.nwtsfa.gov.nt.ca |
| Nunavut | http:// www.gov.nu.ca/education/index.htm |
| Ontario | http://osap.gov.on.ca |
| Prince Edward Island | http:// www.studentloan.pe.ca |
| Quebec | http:// www.afe.gouv.qc.ca/Anglais/ |
| Saskatchewan | http:// www.yesnet.yk.ca/sites/sfa |
| Yukon | http:// www.education.gov.yk.ca |
Dropping classes.
If you are thinking about dropping any classes throughout the year, it may affect your student loan. Students
contemplating a change should consider the financial implications as well as the academic. Refer to the Fee
Refund Schedule on the Academic Fees page for details. Ask the Registrar's Office for advice before you drop
your class.
Negotiating Your Student Loan.
When your government student loan arrives, take the forms to Student Accounts, the Registrar's Office or the Sexton Campus Student Service Centre for signing. Information regarding the negotiation of your loan will be provided by your province. Loan documents for residents of Ontario, Quebec, New Brunswick, Prince Edward Island and Newfoundland will be sent directly to the Registrar's Office.
Are my student loan documents here yet?
A list is posted on the last page of this website when the documents arrive and are ready for pick up.