Already in school? | Manitoba Student Aid

What happens to my loans when I am in school?

Find out about your loan and interest while you are in school, and what to do if you don't get a loan this year even though you are still in school full-time.

When do I have to start making payments on my loans?

Payments are due on both your Canada Student Loan and Manitoba Student Loan six months after you stop going to school full-time.

If you are a part-time student, payments are due on your Canada Student Loan six months after you stop going to school. These loans accumulate interest while you are in school.

You are also allowed to make payments to either one of your loans while you are in school if you'd like.

Will I be charged interest?

Both your full-time Canada Student Loan and Manitoba Student Loan are interest-free while you are going to school full-time. Manitoba Student Loans are also interest-free while you are repaying your loan, and full-time Canada Student Loans accumulate interest as soon as you stop going to school full-time.

I did not apply for a student loan this year but am a full-time student, when do I have to begin loan payments?

Full-time students with unpaid student loans do not have to make loan payments or pay loan interest until six months after they stop going to school full-time.

If you are a full-time student with unpaid student loans who either did not apply for, or were denied financial help this year, you need to tell both lenders that you are a full-time student by submitting:

  1. Confirmation of Return to School Form (Adobe PDF Document 521 KB) to Manitoba Student Aid
  2. Confirmation of Enrolment – Schedule 2 Form (Adobe PDF Document 1.22 MB) to the National Student Loans Service Centre (the agency that collects on behalf of the Canada Student Loans Program)

If you do not inform both lenders that you are a full-time student, you will have to start making payments on your loans and you will be charged interest.

Please visit Maintain Your Canada Student Loan for more information on maintaining interest-free status on your Canada Student Loan.