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Money Matters

Hey Graduates! When you’ve finished your studies, a six-month non-repayment period kicks in! Interest isn’t charged and no payments are due right away.

The 6-month non-repayment period starts after you:

  • finish your final school term.
  • reduce from full-time to part-time studies.
  • leave school or take time off school.

Within 6-months of finishing school, you will receive a package detailing your payment terms and payment options.

Helpful Websites

NOTE: The Canadian Government has announced an upcoming change, in effect May 2025, to login requirements for the NSLSC. All borrowers, including existing borrowers and first-time applicants, will now require a My Service Canada Account (MSCA) to access their NSLSC account. Create your account as soon as possible. 

Video by National Student Loans Service Centre 

Your loan is due for repayment soon after you finish

Here are some helpful pieces of information and steps:

  • Log into your "My Service Account" account.
  • Confirm/update your contact and financial institution info.
  • Set up pre-authorization payments from your bank account (so you don’t miss a payment!).
  • NSLSC will email the outline of your payment terms.