OSAP: Ministry announces six-month payment and interest-free period
Temporary deferral of OSAP payments
From March 30 to September 30, 2020, you will not be required to make any loan payments, and interest will not accrue on your student loans.
During this deferral:
- payments will not be withdrawn from your account if you are on pre-authorized debit
- if you make payments through online banking or cheque, you are not required to send in payments due during this period
You can still make one-time payments online if you want to repay your loan faster. Payments during this period will go entirely towards your loan principal.
For more information contact the National Student Loan Service Centre (NSLSC) or visit the Canada student aid page.
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