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 necessary 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 lets you repay your education loan despite your difficulties that are financial.
Crucial! Your application for the Deferred Payment Arrange is a consignment on your component. Should a payment that is monthly required of you once Aide financiere aux etudes has analyzed the job, your standard bank will undoubtedly be immediately notified and can withdraw this amount from your own account in all the half a year included in the application.
In the event that you be eligible for the Deferred Payment Arrange, the timeframe included in the job will generally be 6 months and will also be founded if you take account of the demand to use the relief measure for repaying your education loan and also the information in your file. It may be not as much as 6 months in the event that you come back to your studies throughout the period included in the job or achieve the combined 60-month life time restriction.
You may restore you application to take part in this plan of action. Nevertheless, you need to remember that you have to submit an innovative new application for every six-month duration by which your desire to make use of the intend to make certain you qualify. Should this be a renewal application, you really need to have made all needed re payments under your application that is previous to for an innovative new amount of deferral. Read more