Understand loan repayment

After finishing school, you have 6 months before you need to start repaying your loan.

Loan payments are made to the National Student Loan Service Centre (NSLSC). Your loan payment amounts are based on how much you owe.

When should I start repayment?

You must start repaying your loan on the 1st day of the 7th month after you:

  • finish your last study period,
  • go from full-time to part-time studies, or
  • leave or take time off from school

Visit the National Student Loan Service Centre (NSLSC) website to find out more about repaying your Canada-B.C. integrated student loans and our repayment support programs.

Where do I find repayment details for my loan?

Around 45 days before you must start repaying your loan, you will get a message from the National Student Loan Service Centre (NSLSC) telling you to log into your secure NSLSC account.

When you log in to your NSLSC account, you can see the following:

  • how much you owe on your student loans
  • your monthly payment amount and when it is due
  • the length of time it will take to repay your loan, and
  • the bank account your payments will come out of

How do I change my bank account information?

You can change your banking information through your National Student Loan Service Centre (NSLSC) account. You can also sign up for the Pre-Authorized Payment Plan in your account. Find instructions on the NSLSC Additional Resources page.

You can cancel your pre-authorized payment plan by giving 30 days notice to the NSLSC.

If you cancel your pre-authorized payment plan you will have to make other plans to repay your loan. You are still responsible for repaying your student loan.

If you think that a payment came out of your bank account in error, contact the NSLSC.