Student loans in New Brunswick
New Brunswick Student Financial Services, what the New Brunswick half of your loan charges in interest, how the grace period works, and how repayment assistance is assessed.
- NoneInterest on the New Brunswick portion
- NoneInterest on the federal portion, since April 2023
- 6 monthsGrace period, interest-free
How the money reaches you
Federal and provincial aid arrive as one integrated loan with one payment through the National Student Loans Service Centre.
The programme is New Brunswick Student Financial Services.
Interest on the provincial half
Eliminated
Eliminated on the New Brunswick portion of an integrated loan.
Eliminated on 2022-11-01. Interest that accrued before that date is still owed.
Repayment assistance
The federal Repayment Assistance Plan covers the integrated loan. One application.
Worth knowing
- New Brunswick also runs a tuition rebate of up to $20,000 for graduates. That is a rebate rather than loan forgiveness, and the two work differently.
What it costs to study here
The average Canadian undergraduate in New Brunswick paid $9,938.00 in tuition for 2025/2026.
| Field of study | Tuition |
|---|---|
| Law | $15,000.00 |
| Engineering | $11,561.00 |
| Personal, protective and transportation services | $10,800.00 |
| Mathematics, computer and information sciences | $10,063.00 |
| Nursing | $10,026.00 |
| Visual and performing arts, and communications technologies | $9,850.00 |
| Business, management and public administration | $9,846.00 |
| Humanities | $9,508.00 |
Sources
- Loan repayment options, National Student Loans Service Centre. Checked on .
- Repayment Assistance Plan, Employment and Social Development Canada. Checked on . Backs the federal zero-payment monthly income thresholds by family size; the 10% cap on the affordable payment; the six-month application period; the 15-year horizon, and 10 years for a borrower with a disability.
- Pay back OSAP, Government of Ontario. Checked on . Backs Ontario's separate zero-payment thresholds; Ontario's 20% cap on the affordable payment; the Stage 1 and Stage 2 structure; interest on the Ontario portion at prime plus one percent.
- The Repayment Assistance Plan (backgrounder), Employment and Social Development Canada. Checked on . Backs the reduction of the affordable payment cap from 20% to 10% in November 2022.
- Tuition and Living Accommodation Costs survey (record 3123), Statistics Canada. Figures describe 2025/2026. Collected automatically on , so nobody checked this row by hand.
Checked on .