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  1. 31 Μαρ 2023 · The elimination of interest will save an average student loan borrower $520 per year, based on current interest rates. For current students, Budget 2023 proposes enhancements to financial assistance for the school year starting August 1, 2023.

  2. Effective November 2023, the Government of Canada has increased the maximum amount forgivable by 50%. This means that eligible doctors can receive up to $60,000 and eligible nurses can receive up to $30,000 in loan forgiveness over a maximum of five years, on their Canada Student Loans.

  3. 18 Δεκ 2023 · As of April 1st, 2023, the Canadian government dropped the interest on federal Canada Student Loans and Canada Apprentice Loans. However, students must still pay interest that accrued on their student loans before April 1st, 2023.

  4. 11 Απρ 2023 · Based on current interest rates, the elimination will save the average student loan borrower $520 per year. The government is reducing the financial burden and providing youth with a form...

  5. 3 Οκτ 2024 · What are current student loan rates in Canada? Federal student loans no longer incur interest, as of April 1, 2203. Your provincial loans will have individual interest rates, and you can ask your provincial aid office. For instance, in Alberta it’s the prime rate + 1%.

  6. 10 Σεπ 2024 · The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today announced the federal government is delivering $7.3 billion in grants and interest-free loans to students this academic year.

  7. The Student Aid Estimator shows the amount of federal student aid you could receive from the Canada Student Financial Assistance Program. The actual grant and loan amounts are determined once you apply through your provincial student aid office.

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