Deferred payment plan

The Deferred Payment Plan allows you to reduce the amount of your payments or pause them for a set period of time.

Each application covers a period of 6 months.

If a payment is scheduled, your financial institution will only deduct the set amount for the 6 months of your application. The government will pay the interest on your behalf and you will not be required to repay it.

To be eligible, you must meet the following requirements:

• You are in a precarious financial situation.
• You have discontinued your studies for more than 6 months.
• You must repay a loan obtained through the Loans and Bursaries Program or the Loans Program for Part-time Studies to a recognized financial institution.
• You have completed your studies within the last 10 years.
• You have not declared bankruptcy, made a consumer proposal or applied for voluntary deposit.
• You have not benefited from the Deferred Payment Plan for more than 60 months.
• You have made all the required payments in a previous application.

You can apply as soon as you know that you are unable to make your next payment to your financial institution.

You can also run a simulation of the amount  you will have to repay before submitting your application.

If you are behind in your payments, it is possible to make a retroactive application, but the application must not go back more than 6 months from the date when you submit it. In this case, if payments are due for past months, the payments will be collected in a single payment within days after your application is accepted.

To complete your application, you will need the following information:

• your permanent code
• the period covered by your application
• your income or an estimate of your income for this period

The analysis of your file will begin once you have provided all required information and documentation.

Apply online

You must complete an application form and, if necessary, additional forms:

• 2025 – Application for the Deferred Payment Plan (PDF 203 Kb)
• 2032 – Confirmation of Income (PDF 304 Kb)
• 2064 – Statement of Income and Expenses (PDF 308 Kb)