Repay your loan
Repayment of your loan will begin 6 months after your study period end date through the National Student Loan Service Centre (NSLSC).
If you miss loan payments
- Your loan will become delinquent when you are not making regularly scheduled monthly payments.
- Consequences of not repaying your student loan:
- Added interest charges
- Loss of eligibility for future StudentAid BC funding
- Being contacted by a collection agency
- A bad credit rating and inability to get credit
- Loss of future income tax refunds and tax rebates
- Being taken to court
- Garnishment of your wages
- Liens against your property
Get help with repayment
- Loan Repayment Options
- Repayment assistance plan (RAP)
- Assists with managing your loan debt by decreasing your monthly payment and allowing you to pay back what you can reasonable afford, if approved.
- Apply online through the National Student Loans Service Centre (NSLSC)
- Repayment assistance plan for borrowers with a permanent disability (RAP-DP)
- Helps with managing your loan debt by reducing your monthly payment and allowing you to pay back what you can reasonably afford, if approved.
- Learn more about the benefits of RAP-D
- Medical and Parental Leave
- The Medical and Parental Leave is for students taking temporary leave from their studies for medical or parental reasons, including mental health reasons.
- For more information and/or to see if you are eligible for the Medical and Parental Leave, visit Canada.ca
- Revision of terms
- Allows the terms of your loan to be changed if you need more time to pay with the options below:
- Decrease payments for a short period.
- Extend the repayment time of your loan to permanently decrease monthly payments.
- Make interest-only payments for a short period.
- Log in to NSLSC customize your payment terms
- Allows the terms of your loan to be changed if you need more time to pay with the options below: