Nova Scotia students can now apply to have government pay student loan interest

Published on April 29, 2014
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Nova Scotia graduates can now apply to have government pay the interest on their provincial student loans.

A link to the online application can be found here.

To qualify, a borrower must: be a resident of Nova Scotia; have graduated from an approved, designated post-secondary school and have a Nova Scotia government-sponsored direct-lend loan

The program applies to qualifying borrowers who entered repayment on or after Nov. 1, 2007. Eligible borrowers won't be reimbursed for interest paid since 2007, but they will not have to pay interest from now on. This program does not apply to federal government loans.