Student loan payment freeze - Federal

Lead

Federal student loan payments do not need to be paid for 6 months, starting March 30, 2020. Your federal student loans will also be interest-free during this time. Payment on your provincial student loans will depend on the province you live in.

Introduction

Last updated: May 4, 2020

Reference

Federal student loan payments do not need to be paid for 6 months, starting March 30, 2020. Your federal student loans will also be interest-free during this time.

If your loan was issued by NL, NB, ON, SK or BC, this applies to both the federal and provincial portions of your student loan. If you have a loan from another province, you should check with that province for more information.

The non-repayment period is already interest-free for Canada, BC and NL loans.

Eligibility

You may be able to get this relief if:

  • You have a federal student loan.
How to apply
  • This will happen automatically. You do not need to do anything
  • If your loan was issued by NL, NB, ON, SK or BC, this applies to both the federal and provincial portions of your student loan. If you have a loan from another province, you should check with that province for more information.
Difficulty
Easy Application
Tax filing
No
Jurisdiction
Topics
General