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 shall never be expected to repay this quantity.
Should you want to obtain an estimate of the payment per month beneath the Deferred Payment Arrange centered on your economic and household circumstances, you can make use of the payment per month calculation simulator.
The Deferred Payment Plan enables you to repay your education loan despite your financial hardships.
Essential! Your application for the Deferred Payment Arrange is a consignment on your component. Should a month-to-month repayment be required of you once Aide financiere aux etudes has analyzed the application, your lender are going to be immediately notified and certainly will withdraw this quantity from your own account in all the half a year included in the job.
The time period covered by your application will generally be six months and will be established by taking account of your request to take advantage of the relief measure for repaying your student loan and the information in your file if you qualify for the Deferred Payment Plan. It may be not as much as half a year in the event that you go back to your studies through the period included in the job or achieve the combined lifetime limit that is 60-month.
You may restore you application to take part in this course of action. But, you really need to remember that you need certainly to submit a brand new application for every single six-month duration by which your desire to use the want to make sure that you qualify. Should this be a renewal application, you really must have made all required payments using your application that is previous to for a unique amount of deferral. Okumaya devam et “During this time period, the federal government can pay the attention in your loan for you.”