The Government of Canada offers student grants and loans to help finance college, university, or trade school education. Students can apply for grants and loans, including grants for special circumstances, and manage their accounts through the National Student Loans Service Centre (NSLSC). The program also provides repayment assistance options and loan forgiveness programs for eligible borrowers. Protected persons can apply for the same loans and grants as Canadian citizens.
Resource details
- Management: Access and update your loan account through the National Student Loans Service Centre (NSLSC) to keep your loan payment-free while studying
- Repayment Support: Repayment assistance is available for those who cannot repay their loans, along with Canada Student Loan Forgiveness programs
- Special Circumstances: Aid available for reservists to keep loans payment-free while serving, and support for high-performance Canadian athletes preparing for and participating in international sport
Why it’s worth exploring
For finance and accounting students in Ottawa and across Canada, securing funding is often essential to completing your degree without overwhelming debt. The program offers not just loans but also grants that don’t need to be repaid, and provides repayment assistance after graduation when you’re starting your career. The ability to manage your loan and keep it payment-free while studying means you can focus on your coursework and professional development rather than worrying about monthly payments during your program.
Going in prepared
Before applying, gather your personal information and be ready to create an account with the NSLSC, which will be your central hub for managing your student aid throughout your studies and repayment period. Review the terms of your loan agreement carefully to understand your obligations and the various grants for special circumstances that might apply to your situation. Keep your NSLSC account information secure and check it regularly to stay updated on your loan balance and to ensure your loan remains payment-free while you’re enrolled.
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