Keeping Your Loans in Interest-free Status

Alberta and Canada Student Loans

Your Alberta and Canada student loans are in interest-free status while you are in school full-time.  This means that, while you are a full-time student, you are not required to:

• make payments on your loans
• pay interest on your loans

For more information, read the Interest Free Status; information sheet, or contact:

• the National Student Loans Service Centre for Canada student loans
• EDULINX for Alberta student loans

Forms to keep your loans in interest-free status

If you are not receiving new student loans but are continuing your studies in a designated program, you want to make sure your previous loans stay in interest-free status. To do this, you must complete:

• Schedule 2 ; if you only have a previous Canada student loan
• Form B ; if you only have a previous Alberta student loan
• Form B ; if you have both previous Canada and Alberta student loans

Information sheets for various situations

• Keeping your Alberta Student Loans in interest-free status Make sure you know how to keep your Alberta Student Loans in interest-free status.
• Interest-free status for a person on parental leave If you take a break from full-time studies for parental leave, you may apply for interest-free status on your Alberta Student Loans.
• Interest-free status for medical residents If you are completing medical residency training, you are no longer required to pay interest or make payments on your Alberta Student Loans.
• Interest-free status for Canadian Forces Reservists If you are a Canadian Forces Reservist who has interrupted full-time studies to serve on designated operations, you may no longer be required to pay interest or make payments on your Canada and Alberta Student Loans if you meet the eligibility criteria. If you are approved for interest-free status on your Canada Student Loans then you will automatically receive the same approval on your Alberta Student Loans.