Search results
make payments equal to 2 regular monthly payments and choose one of the following options, if applicable: pay off any outstanding interest on your loan, or. add any unpaid interest to the balance of your loan (this option can only be used once) Once you make your payments, contact the NSLSC. You should receive a new repayment schedule within 1 ...
Repaying after leaving school. After finishing school, there is a 6-month non-repayment period. When this period is over, you have to start making payments on your Loan. For information on repayment, review the terms and conditions of your loan or contact the NSLSC. The 6-month non-repayment period starts after you: finish your final school term.
If you have a full-time student loan, you can customize your payments online in your NSLSC account. You can: increase your payments to reduce the time it takes to pay back your loan. lower your payments to make them more affordable, or. extend your repayment time up to 174 months to make your payments smaller.
May 30, 2023 · More than 200,000 post-secondary students with student loans are due to convocate this spring. And while many may not yet be thinking of repayment plans, experts and recent grads alike say they ...
A discharge from bankruptcy releases you from your obligation to repay your student loans if you filed for bankruptcy at least seven years after the date you ceased to be a part or full-time student. (Note: The federal or provincial student loan legislation applicable to your loan governs how you determine the date on which you ceased to be a ...
Sep 11, 2024 · Answers to 3 Common Questions About Student Loan Repayment. Understanding repayment terms, tax credits and assistance options can help ease the student loan repayment process. Over 550,000 ...
2. Increase your monthly payments. This is one of the easiest ways to reduce your debt. Any amount you pay over and above your monthly minimum will go directly toward the principal of your loan. This decreases your total loan amount, which reduces the amount of interest you’ll pay.
