Alberta Student Loan

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).