First Steps in Repayment

It is time to start repaying your student loan(s) when:

  • you have completed your program;
  • you are no longer registered in school; or
  • your enrolment is not confirmed.

Once you start repaying your loan, you will receive an annual tax credit for any interest paid. This will be available in your secure NSLSC inbox. Visit for more information on how to claim the interest paid on your tax return.

Note: No interest is charged on Canada Student Loans, Newfoundland and Labrador, British Columbia, and Canada portion of Integrated Student Loans during the six-month non-repayment period

Learn more about the non-repayment and repayment periods and what you can do to set yourself up for success:

Non-repayment Period

The non-repayment period is the first six months after the end of your studies. During this period, you are not required to make payments. However, interest may begin to accrue on the principal amount of your loan balance.

During the six-month non-repayment period, you can:

  • start making payments right away;
  • pay any accumulated interest as a lump sum prior to making your regular payments; or
  • add the interest amount (if any) to your loan balance (Note: this will increase the amount of interest you will pay overall on your loan).

At the end of the six-month non-repayment period, you will be required to start making regular loan payments. We will notify you before your first payment is due. Please ensure that you keep your contact information up-to-date by logging in to your secure NSLSC account.

If we have your financial institution information on file, your loan payments will start to be automatically withdrawn from this account after the six-month non-repayment period. Log in to your secure account to update your banking information.

Repayment Period

Repayment begins at the end of the six-month non-repayment period. This is when you start making regular loan payments.

In the last month of your non-repayment period, you will receive a repayment notification in your secure inbox. It is important to review the following loan details:

  • Amount owing
  • Repayment start date
  • Interest rate type (fixed or floating)
  • Payment amount and frequency
  • Recurring payment day
  • Payment method (pre-authorized debit or other)
  • How long it will take to pay back your loan

Estimate the monthly payments you will need to make to repay your Canada Student Loan or other government student loans.

Visit Loan Repayment Estimator.