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. The changes are effective in November 2022. To apply for RAP, log in to your secure NSLSC account.
The Government of Canada has suspended the accumulation of interest on Canada Student Loans until March 31, 2023. Log in to your NSLSC account to review the latest information on your repayment terms. If you want to make further changes, you can Customize your Payment Terms anytime.
Are you affected by a natural disaster and need help making your student loan payments? Contact us to fast-track your application for the Repayment Assistance Plan.
The Government of Canada and Manitoba have integrated the administration of their student loan programs effective July 1st, 2022. For more details, please visit: Manitoba Student Aid.
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Federal and Provincial Manitoba student loans are now integrated into one with the NSLSC.
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Effective August 1, 2022, the Government of Canada is expanding access to disability supports to students and borrowers with a persistent or prolonged disability. For more information and/or to see if you are eligible for persistent or prolonged disability benefits, visit Canada.ca.
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If the idea of your monthly payment seems overwhelming, the NSLSC has options and tools like the Repayment Assistance Plan (RAP) to put your mind at ease.