11 mar While you’re learning, the federal government will pay the attention on the pupil financial obligation.
After your studies
Partial exemption duration
The government ceases to pay the interest on your student debt and you assume responsibility for it at the beginning of the month following termination of or withdrawal from your studies.
But, through the 6-month duration straight away after the completion of or your withdrawal from your studies, it is possible to reap the benefits of a partial exemption, for example., you don't have to begin with repaying your pupil financial obligation). You might be in charge of the attention on your loan, but you could have it capitalized, i.e., converted into principal.
From then on 6-month duration, you must begin repaying your debt (principal and interest) if you have not resumed your studies,.
Important! After that 6-month duration, you must begin repaying the student loan debt contracted during your full-time studies, whether or not you are receiving a loan under the Loans Program for Part-Time Studies if you begin studying on a part-time basis.
Rate of interest
The attention price is fixed throughout the partial exemption duration, until you have an understanding aided by the Desjardins Group Student Advisory Centre ahead of the end of the duration. The moment the mortgage is consol Aide financiere etudes that are aux. Go directly to the Aide financiere aux etudes (AFE) site to discover what the attention price payable throughout the exemption that is partial is.
Paying down the debt
To do this, you have to conclude a payment contract with all the Desjardins Group scholar Advisory Centre ahead of the end associated with exemption period that is partial. Find out why you should call us:
Ahead of the end associated with the partial exemption period
You have to conclude a payment contract aided by the learning student Advisory Centre.