Let's Get Started
  • Hidden
  • This field is for validation purposes and should be left unchanged.

Request info

Discover the Positive Changes to Canadian Student Loans for Career College Programs

Posted by Dave Campbell

The Canadian Federal government has made some changes to student loans and they are all positive for students! Here is a brief summary of what has happened.

  • Interest rates drop! – The federal portion of student loans has dropped from prime plus 2.5% down to just prime. This is great news, especially for BC students who already are paying 0% interest on their BC portion. Most loans are roughly 50/50 federal/provincial and are paid back at the same time. So a drop in interest rates on the federal side will reduce your overall payments significantly.
  • Interest doesn’t accrue as quickly! – After successful completion of studies, students have 6 months before they start making payments. Previously, on the federal side, interest was accrued during that half year. No longer! Now students are not penalized for using that 6 months to get their feet under them in their new career.
  • Students with Disabilities get more help! – More grants and wider definitions! – Grants for students with disabilities have increased from $8,000 to $20,000 for assisting services and equipment. In addition, the definition of severe permanent disability has been widened to include those who can work but aren’t substantially gainful.
  • Easier to Rehabilitate a Student Loan! – Graduated students now have the option of rolling accrued interest into their student loan payments, allowing people to get back on track with their loan repayments more easily.

For more information about each of these improvements, please visit the Government of Canada Website.

Let's Get Started
  • This field is for validation purposes and should be left unchanged.





Personality Assessment

Find out what your personality is like and discover your traits, worries & concerns about taking the next step to study at school towards a new and rewarding career. This quick and easy assessment will provide you with some insight into what to focus on and what you might need to watch out for to best prepare you for your new career and school goals! Take Assessment!


B.C. Private Training Institutions Branch Logo

B.C. Private Training Institutions Branch

B.C. Education Quality Assurance Logo

B.C. Education Quality Assurance

Receive More Information, With No Obligation!