Student Loan Repayment
COVID-19
To support student loan borrowers during the COVID-19 pandemic, the Province of Prince Edwards Island announced its plan to automatically suspend payments on P.E.I. Student Loans from March 30, 2020 to September 30, 2020. This will include pre-authorized debits. We will provide more details in the near future.
Students graduating from a post-secondary program with more than $6000 in federal and provincial student loans borrowed per year may be eligible for a debt reduction grant to help reduce their provincial student loan balance.
Am I eligible for a debt...
You must begin to repay the federal portion of your student loan six months after the last date you attended school on a full-time basis. The first six months after your last day of full-time study is referred to as your “non-repayment period” or “grace...
If you are an Island student completing your medical residency and you have a PEI provincial student loan, you may be able to set your loan balance to “non-repayment” status until you complete your residency program. The federal portion of your student...
The PEI Student Loan Rehabilitation Program provides you with a six-month payment schedule as a way to bring your defaulted PEI Student Loan back into good standing. Once you complete the plan, your loan will be transferred back to Edulinx PEI, where you...
You must begin to repay the Provincial portion of your student loan twelve months after the last date you attended school on a full-time basis. The twelve months after your last day of full-time study is referred to as your “non-repayment period” or “...
If you have a severe permanent disability that prevents you from participating in post-secondary studies and the labour force for the rest of your life, you may be able to have your student loans cancelled through the Severe Permanent Disability Benefit...