Canada Student Loan

National Student Loans Service Centre

Loan Status



Study Period Non-Repayment Period Repayment Period
You are in school The 6-month period after you finish school

Begins the 1st day of the 7th month after your loan is in Non-Repayment period

No interest.

No payments required.

No interest.

No payments required.

Prior to Nov 1, 2019: 
Interest accrues daily and is calculated monthly. This also applies to part-time student loans.

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

You can make payments while you are in Non-Repayment period to pay your loans off faster. 

No interest.

Payments required.

Prior to April 1, 2023: 
Any interest owing accrues daily and is calculated monthly.

A monthly payment schedule is set up for you automatically.

Sign on to my NSLSC account 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 National Student Loan Service Centre.

Canada Student Loans | Permanent Elimination of Interest
The Government of Canada permanently eliminated the accumulation of interest on all Canada student loans including loans currently in repayment as of April 1, 2023. Students are still responsible to pay any interest that may have accrued on their Canada loans before April 1, 2023.