![]() Did you forget the answers to your security questions? Canada Student Loan Interest Suspension UpdateĮffective April 2021, the Government of Canada has suspended the accumulation of interest on Canada Student Loans until March 31, 2023. For more details, please visit: Manitoba Student Aid. New Canada-Manitoba Integrated Student Loansįor Manitoba Student Aid borrowers, this means that both the federal and provincial portion of your loan will now be administered by the National Student Loans Service Centre (NSLSC). For more information and/or to see if you are eligible for persistent or prolonged disability benefits, visit Canada.ca. This will provide greater support to students and borrowers with a wider range of non-permanent disabilities through grants, in-study supports, and specialized repayment assistance. ![]() Persistent or Prolonged DisabilityĮffective August 1, 2022, the Government of Canada is expanding access to disability supports to students and borrowers with a persistent or prolonged disability. This change benefits all current and future borrowers. New Brunswick Interest Eliminationįulfilling the New Brunswick Government’s commitment to make post-secondary education more affordable, as of November 1st, 2022, interest on the NB portion of Canada-New Brunswick integrated student loans has been eliminated. To apply for RAP, log in to your secure NSLSC account. The changes are effective in November 2022. The governments of Canada, Manitoba, Newfoundland and Labrador, Saskatchewan, and New Brunswick have updated their Repayment Assistance Plan (RAP) eligibility with new zero payment income thresholds and the maximum payments have been lowered from 20% to 10% of a household income. You continue to be responsible to pay any interest that may have accrued on your loan before April 1, 2023. Elimination of Canada Student Loan InterestĮffective April 1st, 2023, the Government of Canada has permanently eliminated the accumulation of interest on all Canada Student Loans including loans currently being repaid. If you are a family doctor, resident in family medicine, nurse practitioner, or nurse working in under-served rural or remote communities, visit Canada.ca Opens a new window for more information and to download the application and Employment Attestation form. This means that eligible doctors can receive up to $60,000 and eligible nurses can receive up to $30,000 in loan forgiveness over a maximum of five years, on their Canada Student Loans. Student Loan Forgiveness for Family Doctors and NursesĮffective November 2023, the Government of Canada has increased the maximum amount forgivable by 50%. The National Student Loans Service Centre is excited to announce the launch of our newly redesigned website with new features. ![]()
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