Student loans in Newfoundland and Labrador
Student Aid NL, what the Newfoundland and Labrador half of your loan charges in interest, how the grace period works, and how repayment assistance is assessed.
- UnknownInterest on the Newfoundland and Labrador 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 Student Aid NL.
Interest on the provincial half
The rate on the Newfoundland and Labrador portion of the loan
This site has not checked Newfoundland and Labrador's own published rate against its site, and carrying a remembered figure would be inventing one. The federal half of the loan carries no interest either way.
Check Student Aid NL instead.
Repayment assistance
The federal Repayment Assistance Plan covers the integrated loan. One application.
Worth knowing
- Undergraduate tuition here is the lowest in the country, at $3,746 for a Canadian student in 2025/2026.
What it costs to study here
The average Canadian undergraduate in Newfoundland and Labrador paid $3,746.00 in tuition for 2025/2026.
| Field of study | Tuition |
|---|---|
| Medicine | $14,250.00 |
| Agriculture, natural resources and conservation | $3,866.00 |
| Visual and performing arts, and communications technologies | $3,613.00 |
| Education | $3,457.00 |
| Engineering | $3,407.00 |
| Physical and life sciences and technologies | $3,376.00 |
| Social and behavioural sciences, and legal studies | $3,375.00 |
| Humanities | $3,358.00 |
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 .