Repayment Pause on Canada Student Loans and Alberta Student Loans
o No payments will be required and interest will not accrue during this time.
o Students who are currently studying can continue to apply for Canada Student loans.
o The Alberta Government has also announced a similar measure – Alberta Student Loan repayments will be paused for 6 months beginning March 30, 2020 with no accrual of interest. And even if borrowers choose to continue their payments, this will not affect their eligibility to receive this benefit.
o Students do not need to apply for the repayment pause.
o For more information: Canada Student Loan, Alberta Student Loan