Student Loans

Student loans in Nunavut

Financial Assistance for Nunavut Students, what the Nunavut 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 Financial Assistance for Nunavut Students.

Interest on the provincial half

The rate on the Nunavut portion of the loan

This site has not checked Nunavut'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 Financial Assistance for Nunavut Students instead.

Repayment assistance

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

Work out what you would be asked for

Worth knowing

  • Nunavut runs its own programme and issues no Canada Student Grants or Loans. You cannot hold territorial assistance and federal aid for the same study period.
  • 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 Nunavut 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 that Nunavut runs a separate programme.
  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 .