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If you received a student loan under the Loans and Bursaries Program, you will enter the labour market with a debt. A debt acquired for a good reason, but a debt nonetheless!

You are the sole person responsible for your student debt, whether or not your parent, spouse or sponsor was required to contribute to the cost of your education.

Repayment

While you are studying, the government pays the interest on your student loan.

But what happens when you stop studying? Do you have to begin repaying your debt, i.e. interest and principal, immediately? What happens if you cannot begin repaying your debt on the scheduled date due to your financial situation? Will you receive a tax break during the loan repayment period? For more information, see the Repayment section.

How to proceed

The date you are scheduled to begin repaying your student debt is approaching. To find out how to conclude a repayment agreement with your financial institution or what procedure to follow if you cannot respect the agreement, consult the How to Proceed section.

Interest rates

If you are scheduled to begin paying or capitalizing the interest on your student loan, consult the table of interest rates in effect.

Postponing repayment of your student debt

If you have terminated your studies, the time has come for you to repay your student debt. Are you required by a professional association to complete a professional training period or practicum? Are you pursuing postdoctoral studies? Are you in a precarious financial situation? Consult the Postponing Repayment of Your Student Debt section. You could be eligible to postpone the date you are scheduled to begin making payments.