Undergraduate Students
Repayment of Student Loans
間眅埶AV's annual loan Canada Student Loan default rates can be viewed through the Government of Canada's publicized . This information can help students make informed decisions about their post-secondary education investment.
Have you been prompted by National Student Loan Servce Centre (NSLSC) to start repaying your student loan funding? Read below to understand the process of repayment.
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If you're enrolled in classes, and don't think you should be in repayment, or are looking for 'confirmation of enrollment,' read carefully:
Once you have borrowed student loan funding, you are responsible for updating your 'in-study' status with NSLSC, to prevent entering repayment prematurely.
There are two ways of updating your status with NSLSC; both involve what is called 'confirmation of enrollment.'
Confirmation of enrollment is when the institution (間眅埶AV) responds to a government request to confirm whether a student is enrolled.
The enrollment status will only be valid for a certain duration of time, generally, one term.
To request 'confirmation of enrollment,' either:
- Apply for a new student aid application for the term.
Upon successful assessment of the application, the government with ask 間眅埶AV for confirmation of enrollment. OR - Apply for an interest-free application for the term.
Upon successful submission of the interest-free application, the government will ask 間眅埶AV for confirmation of enrollment.
間眅埶AV will provide confirmation of enrollment to the province of application and/or NSLSC as long as you meet the enrollment criteria of the loan or interest-free application. For example, you'll need to be enrolled full-time, to receive confirmation of enrollment on a full-time aid application.
For a student aid application, confirmation of erollment will:
- release your student aid funding,
- update your status to 'in-study,' preventing interest from accumulating and
- update your study end date.
For an interest-free application, confirmation of enrollment will:
- update your status to 'in-study,' preventing interest from accumulating and
- update your study end date.
Requesting confirmation of enrollment is not enough. You must ensure that 間眅埶AV has responded successfully to the confirmation of enrollment request. You can check your StudentAid BC dashboard and/or NSLSC account to confirm a successful update to your in-study status.
Where do I apply for in-study interest-free status?
For students studying full-time, with previous full-time student loans:
BC students should apply through their for the quickest, most efficient method of updating their status to 'in-study.'
Ontario students may use their to submit an interest-free application.
All other Out of Province students may use their to submit an interest-free application.
For students studying part-time, with previous part-time student loans:
All students may use their to submit an interest-free application; indicating 'part-time' as their enrollment.
How does repayment work?
Repayment of your student loans starts 6 months after your last study period end date. This 6 month period is considered your "grace" period. Your grace period is a good time to review your to review your payment information, and modify your repayment terms if needed. The NSLSC has a to help students learn more about In-Study, Non-Repayment, and Repayment statuses of your student loans.
Students can enter in to repayment and return back to full-time studies and in-study status multiple times during their academic career.
Having difficulties with repayment?
Upon entering repayment, if you anticipate difficultly making monthly payments, we recommend reviewing the following resources:
Resources & Videos
The National Student Loans Service Center (NSLSC) offers an online presentation on the student loan process.
The presentation is approximately 19 minutes long, and contains valuable information that can clarify many questions you may have:
Additionally, you may find value in the videos found on their YouTube Channel: