Description
In the event that you be eligible for the Deferred Payment Plan, you’ll be able to settle your education loan relative to your economic ability along with your family members situation, if the loan had been applied for beneath the Loans and Bursaries Program or the Loans system for Part-Time Studies.
You shall never be needed to repay this quantity.
If you wish to get an estimate of one’s payment per month beneath the Deferred Payment Arrange centered on your monetary and family members circumstances, you can make use of the payment per month calculation simulator.
The Deferred Payment Plan enables you to repay your education loan despite your financial hardships.
Essential! Your application for the Deferred Payment Arrange is a consignment from you. Should a month-to-month repayment be required of you once Aide financiere aux etudes has analyzed the job, your standard bank are going to be immediately notified and can withdraw this quantity from your own account in each one of the half a year included in the job.
Plan restrictions
In the event that you be eligible for the Deferred Payment Plan, the period of time included in the application will generally be half a year and will also be founded if you take account of the demand to take advantage of the relief measure for repaying your student loan and also the information in your file. Maybe it’s significantly less than half a year in the event that you come back to your studies through the duration included in the job or achieve the combined 60-month life time restriction.
You might restore you application to take part in this plan of action. Nevertheless, you need to keep in mind that you have to submit a brand new application for every six-month duration by which your desire to make use of the intend to make certain you qualify.