Already in school? | Manitoba Student Aid

What happens to my loans when I am in school?

Find out about your loan and interest while you are in school, and what to do if you don't get a loan this year even though you are still in school full-time.

When do I have to start making payments on my loans?

Payments are due on both your Canada Student Loan and Manitoba Student Loan six months after you stop going to school full-time.

If you are a part-time student, payments are due on your Canada Student Loan six months after you stop going to school.

You are also allowed to make payments to either one of your loans while you are in school if you'd like.

Will I be charged interest?

Effective April 1, 2023, the Government of Canada has permanently eliminated the accumulation of interest on all Canada Student Loans including loans currently being repaid. Students continue to be responsible to pay any interest that may have accrued on their loan before April 1, 2023.

Manitoba Student Loans continue to be interest-free.

I did not apply for a student loan this year but am a full-time student, when do I have to begin loan payments?

Full-time students with unpaid student loans do not have to make loan payments until six months after they stop going to school full-time.

If you are a full-time student with unpaid student loans who either did not apply for, or were denied financial help this year, you need to advise the National Student Loans Service Centre (NSLSC) in order to maintain your payment-free status on your Canada-Manitoba Integrated Student Loan. Please visit the NSLSC Manage Your Canada Student Loan page for more information.