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.
Nevertheless, through the period that is 6-month after the conclusion of or your withdrawal from your own studies, it is possible to reap the benefits of a partial exemption, for example., you do not have to begin with repaying your pupil financial obligation). You might be accountable for the attention on your own loan, but it can be had by you 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.
Interest
The attention price is fixed through the exemption that is partial, until you have actually an understanding because of the Desjardins Group Student Advisory Centre prior to the end for this duration. The moment the mortgage is consol Aide financiere etudes that are aux. Go directly to the Aide financiere aux etudes (AFE) web site to uncover what the attention price payable throughout the exemption that is partial is.
Paying off the debt
To take action, you need to conclude a payment agreement using the Desjardins Group scholar Advisory Centre ahead of the end regarding the partial exemption duration. (more…)