Suspension of student debt repayment
Due to COVID-19, the government is postponing student loan debt repayment, which means that you will have no payments to make during the next six months. In addition, no interest will be calculated or added to your loan debt.
There is nothing you need to do. The measure automatically applies to all Aide financière aux études clients, including those whose accounts are in collection.
Please contact your financial institution if you wish to begin or continue to pay down your debt.
- Repayment of a Student Debt
When the time comes to begin repaying your student loan debt, you must conclude a repayment agreement with your financial institution. Do not forget that you always remain responsible for repaying your loans.
- Deferred Payment Plan
This program allows you to repay your student loan debt in accordance with your capacity to pay if you are in a precarious financial situation. The period of time covered by this plan is usually six months.
- Loan Remission Program
Your student loan debt could be reduced by 15 % if you complete your program within the prescribed period of time. Eligibility conditions apply.
Last update: March 26, 2020