There are a variety of loan repayment options that might work better for you.
Customize Your Payment Terms
You can increase or decrease your monthly payment amount to better suit your budget by customizing your payment terms. If you have a full-time loan, and you want to change your monthly payment amount or see what other repayment terms may fit your situation better, you can do this through your secure NSLSC online account.
Remember, decreasing your monthly payments amounts will increase the time it will take to pay back your loan. It will also increase the amount of interest you will pay. If you have a Canada-Ontario or a Canada-Saskatchewan Integrated Student Loan, it will also increase the amount of interest you will pay.
💡 Bonus Tip! Download our “Customize Payment Terms” guide for step-by-step instructions on how you can customize your payments: How to customize your payments (PDF, 1.68 MB)
If you have a part-time student loan and would like to change your monthly payment, contact us.
Customize My Payment Terms
Log in to customize your payment terms
Repayment Assistance Plan (RAP)
By applying for RAP, you may qualify for zero or reduced payments for six months. After the six-month period has ended you can reapply for another six-month period. Apply for RAP through your NSLSC online account.
Apply for RAP
Learn more about the Repayment Assistance Plan
Repayment Assistance Plan - Do you have a disability? (RAP-D)
If you are eligible for the Repayment Assistance Plan and have a permanent disability, or a persistent or prolonged disability, you may qualify for the Repayment Assistance Plan for Borrowers with Disabilities.
In addition to a reduced monthly payment, or no monthly payment at all, you may be eligible for a further reduced payment amount. This will help with expenses related to your disability. You can apply for RAP-D using the regular RAP application through your NSLSC online account.
If this is your first time applying for RAP-D and you have not received any PD or PPD grants, you will need to complete a Verification of Disability form to confirm your eligibility. The form can be downloaded, completed, and submitted electronically to the NSLSC website. It can also be printed. Once completed, it can be mailed to the Canada Student Financial Assistance Program for assessment at the address provided on the form.
Download the Verification of Disability form
Learn more about the benefits of RAP-D
Note: If you have a permanent disability, you can request and provide consent to be processed for RAP instead of RAP-D. You may only use this option prior to or within your first six-month period of RAP-D. This option is not available if you have already completed one or more period(s) of RAP-D.
Download the RAP-D Opt-Out form (PDF Version, 42.4 KB, 1 page)
Medical and Parental Leave
The Medical and Parental Leave is for students taking temporary leave from their studies for medical or parental reasons, including mental health reasons. It offers interest and payment-free for six-month periods, up to a maximum of 18 consecutive months. For more information and/or to see if you are eligible for the Medical and Parental Leave, visit Canada.ca.
Apply for the Medical and Parental Leave
Log in to apply for the Medical and Parental Leave
Student Loan Forgiveness for Family Doctors and Nurses
Practicing family doctors and nurses who provide in-person services in under-served rural or remote communities within Canada may be eligible for the Canada Student Loan Forgiveness for Family Doctors and Nurses.
Qualifying family doctors could receive up to $60,000 in Canada Student Loan forgiveness over a maximum of five years, starting at $8,000 in the first year, and an extra $2,000 will be compounded for each subsequent year. Qualifying nurses could receive up to $30,000 over a maximum of five years, starting at $4,000 in the first year and an extra $1,000 will be compounded for each year thereafter. Find out if you are eligible and apply on Canada.ca
Saskatchewan also offers Loan Forgiveness for Nurses, Nurse Practitioners , and other professions, who provide in-person services in under-served rural or remote communities. They could receive up to $20,000 over a maximum of five years ($4,000 per year) in Saskatchewan Student Loan forgiveness. For more information and/or to see if you are eligible, visit Saskatchewan.ca Opens a new window