Making Payments

The Loan Repayment Handbook will help you prepare to repay your loans:

repayment

Payment Methods

There are three methods for you to pay your loans. You can use:

    • the pre-authorized payment plan
    • online or telephone banking
    • personal cheques

Pre-authorized Payment Plan

The pre-authorized payment plan is the easiest method to ensure your payments are made on time. If your Alberta or Canada student loan was deposited directly into your bank account, payments will automatically be withdrawn from your bank account to repay your loans. You will receive letters explaining this process before your repayment begins. The letters will include details about the bank account the payments will be taken from.

You can set up or change your bank account details at any time:

For Alberta Student Loans:

For Canada Student Loans (one of the following):

Online or telephone banking

You can make payments using online or telephone banking. Log in or call to add or register a new bill. Most of the major banks in Canada offer this service.

For Alberta Student Loans

    • Add or register Alberta Direct Student Loan to your list of bill payments and use your 7-digit student loan number (without a dash) as your account number

For Canada Student Loans

    • Add or register one of the following to your list of bill payments:
      • National Student Loans Service Centre
      • National Student Loans
      • NSLSC

and use your 7-digit student loan number (without a dash) as your account number.

Personal cheque

If you are making your monthly payments by cheque, we recommend you provide 12 post-dated cheques at a time. Be sure to include your student loan number on the front of each cheque.

For Alberta Student Loans
Make cheques payable to Government of Alberta and send to:

Alberta Student Aid Service Centre
PO Box 4050, Mississauga Station A
Mississauga ON L5A 4M9

For Canada Student Loans
Make cheques payable to National Student Loans Service Centre and send to:

National Student Loans Service Centre
PO Box 4030
Mississauga ON L5A 4M4