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When do you start paying back your student loan?
When you leave full-time studies, or if your course load drops under the minimum requirement, you have six months before you have to start paying back your student loans. During this time, you need to talk to your lenders about repayment arrangements. Your lenders will work with you to prepare a repayment schedule, usually over a 10-year period.
Canada Student LoansNational Student Loans Service CentrePEI Student LoansThe National Student Loans Service Centre is the primary contact for all information and services pertaining to the cashing and repaying of Canada Student Loans awarded after August 1, 2000.
Students who received loans between August 1, 1995 and July 31, 2000 will continue to have that loan held by the lending institution/bank where the loan was negotiated.
Edulinx-PEI is the primary contact for all information and services pertaining to the cashing and repaying of PEI Student Loans.
For information on repaying a PEI Student Loan issued before August 1, 2001, students should contact the lending institution/bank that holds these previous loans.
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This information has been taken from website "Innovation and Advanced Learning"