You will be able to repay your student loan in accordance with your financial capacity and your family situation, whether the loan was taken out under the Loans and Bursaries Program or the Loans Program for Part-Time Studies if you qualify for the Deferred Payment Plan.
You will never be needed to repay this quantity.
You can use the monthly payment calculation simulator if you want to obtain an estimate of your monthly payment under the Deferred Payment Plan based on your financial and family situations.
The Deferred Payment Plan enables you to repay your education loan despite your difficulties that are financial.
Essential! Your application when it comes to Deferred Payment Arrange is a consignment from you. Should a payment that is monthly required of you once Aide financiere aux etudes has analyzed the application, your standard bank should be immediately notified and can withdraw this quantity from your own account in each one of the 6 months included in the application. Continue reading In those times, the us government can pay the interest on your own loan for you.