Payment Method Options

You have several options to make your student loan payments.

Pre-Authorized Debit

This is the easiest way to ensure your payments are made consistently and on time. If your student loan was deposited directly into your bank account, you are automatically set up for Pre-Authorized Debit.

This sample of a void cheque will help you complete your bank account information.

Make a Payment Online

Making payments on your student loan is now easier than ever. You can make a payment using the banking information in your secure NSLSC account. This is also a convenient way to pay off your loan faster by making lump sum payments.

💡 Bonus Tip! For step-by-step instructions on how to make a payment, download our information guide: How to make a payment (PDF, 2.30 MB)

You can also make payments through:

  • Online banking
  • Telephone banking
  • Cheques: monthly and post-dated preferred
  • Money orders/cashier’s cheque
  • Bank draft

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