Keeping Your Loans Interest-Free

 Your loan is interest and payment free while you're in school.

Depending on your situation, you may need to take some steps to keep your loans interest-free.  More information is available in our Getting Ready to Repay section. 

Here's how you keep your loans in interest-free status:

  If you are studying full-time and receiving student aid

Once you receive Alberta and Canada student loans for your current school year, any student loans you received previously are automatically interest-free.

  If you are studying full-time and not receiving student aid

If you have previous student loans, and are not receiving student aid this year, you'll want to let the Student Aid Alberta Service Centre and the National Student Loan Service Centre know so your loans can remain interest-free with no payments required.

 Complete the Confirmation of Enrolment (Schedule 2) if you only have a previous Canada student loan.
 Complete the Confirmation of Registration (Form B) if you only have a previous Alberta student loan or if you have both previous Canada and Alberta student loans.

  If you are:

 Studying part-time?  Complete the Confirmation of Registration (Form B) to keep your Alberta student loans interest-free.

 Planning to take a break from your studies for parental leave? Complete the parental leave form to apply for interest-free status on your Alberta student loans.

 Getting ready to start your medical residency? Read more about interest-free Alberta student loans for medical residents, or download the Confirmation of Registration (Form B) to keep your Alberta student loans interest-free.

 A Canadian Forces Reservist who needs to take a break from full-time studies to serve? Learn more about how you may be able to keep your loans in interest-free status.

Keep in touch

It's important for you to keep in touch when your circumstances change so we can continue to provide you with important information about your loan.