Alberta Student Loan | Alberta Student Aid

Repayment Essentials

Introduction

Chapter 1:
Manage Your Loans

Chapter 2:
Making Your Payments

Chapter 3:
Interest Rates for Student Loans Repayment

Chapter 4:
Customize Your Payment Terms

Chapter 5:
Help During Repayment

Chapter 6:
Questions About Repayment

Chapter 7:
Student Loan Financial Terms

Alberta Student Loan

myloan.studentaid.alberta.ca

Loan Status

In study

In Grace

In Repayment

You are in school

The 12-month period after you finish school

Begins the 1st day of the 13th month after your loan is In Grace

Interest free period.

Interest free period.

Begins the first day of the next month, after your period of study end date.

No payments are required.

However, you can make payments while you are In Grace to pay your loans off faster.

Interest accrues daily and is calculated monthly.

A monthly payment schedule is set up for you automatically.

Login to MyLoan to:

Adjust your Monthly Payment Amount
Change your Monthly Payment Date

You can change the frequency of payments from monthly to biweekly or weekly, by calling the Alberta Student Aid Service Centre.

Alberta Student Loans | Interest Rate and Grace Period Changes - Effective July 1, 2023

Floating and fixed interest rates on Alberta student loans is reduced to the prime rate.
Alberta student loan interest-free grace period is extended from six months to 12-months to give students more time before having to make student loan payments (includes students who completed their studies on or after December 1, 2022).