Note: Loan payment and interest suspended due to COVID-19 crisis
The federal government has suspended student loan repayment and interest to September 30, 2020. Alberta and Saskatchewan governments have also suspended payment and interest for 6 months starting in March.
If you get a government student loan, then you’ll have to pay it back.
If thinking about loan payments makes you anxious or stressed, there is help. Here are some resources.
While you’re still in school
A good place to start for any student loan holder is Paying back Student Loans
on the CanLearn website. You can:
- learn how government student loan repayment works
- get tips and tools for making your repayment plan
- use the loan repayment estimator
The National Student Loans Service Centre
(NSLSC). offers regular webinars on the student loan repayment process. You’ll learn:
- how to save money
- how to avoid repayment difficulties
- how to maintain your student loan
To view webinar, visit NSLSC Repayment Webinar
If you have an Alberta student loan
Communication has gone digital.
Alberta Student Aid sends emails to students about student loan repayment. The emails are sent on a monthly basis to learners who are entering repayment and are intended to provide students with an overview of information they may need to know. If that is you, watch for the following email:
You will also need to register on the enhanced MyLoan website
, so you can:
- customize your repayment plan
- send and receive messages in your account inbox
If you have questions about loan repayment, contact the Alberta Student Aid Service Centre at: 1-855-606-2096, option 1.
Already paying back your loan
If you are having difficulties making your loan payment or have missed a loan payment—the federal government has repayment assistance options that may be able to help. Visit repayment assistance
for more details.