Student Loans

Student loans in Northwest Territories

NWT Student Financial Assistance, what the Northwest Territories half of your loan charges in interest, how the grace period works, and how repayment assistance is assessed.

How the money reaches you

Runs its own programme and issues no Canada Student Grants or Loans at all.

The programme is NWT Student Financial Assistance.

Interest on the provincial half

The rate on the the Northwest Territories portion of the loan

This site has not checked the Northwest Territories'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 NWT Student Financial Assistance instead.

Repayment assistance

Through the territorial programme. There is no federal loan here.

Work out what you would be asked for

Worth knowing

  • The Northwest Territories runs its own programme and issues no Canada Student Grants or Loans. Basic grants, supplementary grants and remissible loans, plus repayable loans.
  • Absent from the Statistics Canada tuition survey, which covers publicly funded degree-granting institutions.

What it costs to study here

Statistics Canada's tuition survey covers publicly funded degree-granting institutions, and Northwest Territories has none in it, so there is no provincial tuition figure to show.

Sources

  1. How student aid funding works, Employment and Social Development Canada. Checked on . Backs which jurisdictions are integrated, parallel, or run separate programmes; that Quebec, the Northwest Territories and Nunavut issue no federal student aid.
  2. 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.
  3. 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.
  4. 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.

Checked on .