Canada Student Loans
National Student Loans Service Centre
P.O. Box 4030
Mississauga, ON
L5A 4M4
Toll Free: 1-888-815-4514 (within North America)
TTY (for people who are hard of hearing): 1-888-815-4556
Pre-Consolidation Contact Number: 1-866-303-3503
Countries outside of North America: dial the international access code, followed by 800 2 225-2501 (toll free)
Countries outside of North America without an international access code: call the Canadian operator at 800 0800 096 0634, then collect call 905-306-2950
Electronic mail form
The greatest benefit of taking a government loan (versus a private loan) is that you don’t have to start making repayments on your loan until six months after you have finished your studies or left school. However, interest starts accumulating from the month after you leave school. It’s advised to start making loan payments while you’re still in school (if you can). For full-time students, these payments go directly toward loan principal, which will reduce the overall debt more quickly. For part-time students these payments are applied to both interest and principal.
It’s never a good idea to borrow more than you need! Check out our cost breakdown to get a better idea of all the expenses you will incur when pursuing your post-secondary education.
Note: You agree to advise the National Student Loan Service Centre (NSLSC) (for federal loans) of any change in your contact information. Each year, a number of student borrowers are randomly selected for audit. If you are chosen, the information you provided on your application will be checked for completeness and truthfulness. Any inconsistencies will be penalized.
Tips for Managing your Student Loans
- Create an online student loan account with the NSLSC. You can access information about your loans, change your mailing address and view other personal account information.
- Write your loan account number on all correspondence with the NSLSC.
- Keep track of who issues you the money—they are the ones you will need to pay back once you have finished school.
- Ask for help at the first sign of difficulty in paying back your loans. Contact the NSLSC if you have any questions.
|
