The government will pay the interest on your loan on your behalf during this period.

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The government will pay the interest on your loan on your behalf during this period.


In the event that you be eligible for a the Deferred Payment Arrange, it will be possible to repay your education loan relative to your monetary capability along with your family members situation, if the loan ended up being applied for underneath the Loans and Bursaries Program or the Loans system for Part-Time Studies.

You will never be expected to repay this quantity.

You can use the monthly payment calculation simulator if you want to obtain an estimate of your monthly payment under the Deferred Payment Plan based on your financial and family situations.

The Deferred Payment Plan lets you repay your education loan despite your financial difficulties.

Essential! Your application when it comes to Deferred Payment Plan is a consignment on your component. Should a month-to-month repayment be required of you once Aide financiere aux etudes has analyzed the job, your standard bank should be immediately notified and can withdraw this quantity from your own account in all the 6 months included in the job.

Arrange limitations

In the event that you be eligible for the Deferred Payment Arrange, the timeframe included in the job will generally be 6 months and you will be founded if you take account of one’s demand to make use of the relief measure for repaying your education loan as well as the information in your file. It can be not as much as 6 months in the event that you go back to your studies through the duration included in the application or achieve the combined 60-month life time limitation.

You may restore you application to take part in this plan of action. Nonetheless, you ought to observe that you have to submit a fresh application for every single six-month duration by which your need to make use of the want to make sure that you qualify. Should this be a renewal application, you have to have made all needed re re payments under your past application to qualify for a fresh amount of deferral.

You might make an application for the program at any time through the 10 years (120 months) that proceed with the end of one’s six-month choice. The application may be retroactive not return back a lot more than half a year from the date once you distribute it.

The purpose of the Deferred Payment Plan would be to allow you to be responsible for repaying your education loan, i.e., the quantity you borrowed from to your lender to date. This course of action is certainly not for many who are generally repaying their education loan and who’ve a file that is open the Aide financiere aux etudes Collection Department.

What are the results then?

When you no further be eligible for a the master plan, you will have to speak to your economic institution’s loan centre and start making the planned monthly premiums to retire your education loan.

In the event that you declared bankruptcy, produced consumer proposal or registered for voluntary deposit

Take note that pursuant to your Bankruptcy and Insolvency Act, you can’t be eligible for the program in the event that you declared bankruptcy, produced customer proposal or registered for voluntary deposit per the Code of Civil Procedure.

You’re disabled

You need to apply to your insurer for loan repayment if you purchased a loan disability insurance policy. In the event that insurer takes the application, you may avoid needlessly burning up your months that are qualifying the Deferred Payment Arrange.

Of good use terms

Employment Assistance Allowance: monetary help paid by Emploi-Quebec to people that be involved in a dynamic work support measure. (to not be confused with the Solidarity Tax Credit).

Quebec Parental insurance policy: earnings replacement advantage compensated by the ministere du Travail, de l’Emploi et de la Solidarite sociale to a qualified individual who takes maternal, paternal, parental or adoption leave.

Eligibility begin date for the Arrange: more or less 6 months following the final end of one’s studies.

Dependent son or daughter: beneath the Deferred Payment Arrange, a kid that fits every one of the conditions that are following

  • Is unmarried
  • Just isn’t a parent or even more than twenty months expecting
  • Is either lower than 18 years old or if a lot more than 18 is really a full-time pupil coping with you or if perhaps not coping with you gets a monetary contribution away from you

Solitary parent: somebody who lives with regards to youngster, has custody at the least 25percent of this some time is unmarried, a widow or widower, lawfully or de facto divorced or separated or whose partner may not be positioned.

Period included in the program: time frame that you use to profit from a relief measure when it comes to payment of the education loan. This might be a past or time that is futurein this second instance, the beginning date can’t be one or more thirty days through the date you use).

Enough time framework efficiently included in the job will generally speaking final 6 months it is founded by firmly taking account regarding the duration that you use to profit from the relief measure for repayment of one’s pupil information and loan in your file.

Personal assistance or solidarity advantages: economic some help from the ministere du Travail, de l’Emploi et de la Solidarite sociale or Last-resort economic help gotten underneath the social help or social solidarity programs. (not to ever be confused with the Solidarity Tax Credit).

Income counted within the Plan:

  • Personal Assistance or Solidarity system advantages
  • Employment income
  • Business or self-employment earnings
  • Employment Insurance advantages (unemployment insurance coverage)
  • Quebec Parental Insurance Coverage advantages
  • Income replacement advantages (Wage insurance coverage, SAAQ or CNESST)
  • Employment Assistance Allowance (Emploi-Quebec)
  • Pension or impairment retirement benefits
  • Support re re re payments
  • Public or scholarships that are private bursaries
  • Other sourced elements of earnings except those maybe not counted within the Plan

Earnings perhaps maybe maybe not counted when you look at the Arrange:

  • Solidarity Tax Credit
  • Gifts
  • Withdrawals from a Registered Retirement Savings Arrange (RRSP)
  • Amounts beginning in a Registered Education Savings Plan (RESP)
  • Inheritance income

Extra information

For more information concerning the Deferred Payment Arrange, call

Has your circumstances changed? Do you anticipate moving?

You need to inform Aide financiere aux etudes of any noticeable modification of address provided that your education loan have not completely resigned. This can be done effortlessly and quickly making use of the Your email address tab in your on line file.