Government of Canada Announces Moratorium on Student Loan Payments

By Logan Bright Modified on March 18, 2020

Anyone in repayment will have six months off, interest free.

A 3D rendering of the novel coronavirus, COVID-19.

The Government of Canada has announced its COVID-19 Economic Response Plan, and there's good news for students.

As part of its $82 billion dollar plan to support Canadians during the COVID-19 pandemic, the federal government is putting a moratorium on Canada Student Loan payments, for six months, interest free.

Six Months of Repayment Relief

This goes for anyone with a Canada Student Loan who's currently in repayment. At least that's one less thing to worry about for students during this crisis.

The government announced many other measures, and full details around implementation are to come.

You can find the latest information on the coronavirus outbreak on the Public Health website.

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