Students with previous loans

UBC students with previous Canadian loans

Your lenders will automatically be notified of your return to study if:

  • You are applying for a new student loan
  • You will receive your funding before you enter repayment
  • You are applying to the same province, lender, or loan program as last year

You will automatically enter repayment six months after your full-time study program has ended if you: 

  • Are not returning to school full-time, or
  • Are returning to part-time study and were previously a full-time student


To find out if you are a part-time or full-time student, check the Course Load Guide.

Canadian students with full-time loans

Students with previous Canadian and provincial loans must notify their lenders that they have returned to full-time study. If you do not notify your lenders, your loans will begin to accrue interest and you will enter repayment.

Once you notify your lender that you have returned to full-time study, you will be approved for interest-free status. During the approved study period you will not accrue interest and you are not required to make payments.

Notifying your lenders

Notify your lenders as soon as possible for each new eligible study period.

The earliest you can update your full-time status for the new school year is about a month before classes start.

How to notify your lenders

Students from BC

Apply online through StudentAid BC. This application will notify your federal, provincial, and pre-2000 lenders, if applicable.

Students from Ontario

Ontario Student Aid (OSAP) has changed the process of applying for Continuation of Interest-Free Status. This is effective as of May 1, 2017. Students are no longer able to verbally request Interest-Free Status. Students must apply for interest free status through their OSAP on-line portal.

Apply for Continuation of Interest-Free Status:

  1. Log into your Account on your OSAP portal
  2. Select “Apply for Continuation of Interest-Free Status (CIFS)”
  3. Complete the On-line form

If you have any questions please contact your ESP, or email financial.support@askme.ubc.ca if you do not have an ESP.

Students from Manitoba

Request a paper Schedule 2 form from your ESP or pick up a copy at the Enrolment Services Advising Centre in Brock Hall. Send your completed form to both the National Student Loans Service Centre and Manitoba Student Aid.

Students from Quebec

Email your ESP for an interest-free request and include:

  • Your full name
  • Student number
  • Social insurance number
  • The permanent code assigned by the Ministère
  • The interest period for which you are requesting interest-free status

If you don't have an ESP you can email your request to financial.support@askme.ubc.ca.

Students from other provinces

Submit a request for interest-free status through the National Student Loans Service Centre.

Canadian students with part-time loans

Students with previous part-time loans must notify their lender that they have returned to either part-time or full-time study. If you do not notify your lender, you will enter repayment.

Notify your lenders

If you are not taking out a new student loan:

  • Request a paper Schedule 2 form from your ESP or pick up a copy at the Enrolment Services Advising Centre in Brock Hall.

  • This form indicates your return to either full-time or part-time study so that you will not enter repayment for your previous part-time loans. 

If you are taking out a new part-time or full-time student loan

  1. Register in an eligible course load

  2. Cash your new loan before you enter repayment

Your lender will automatically be notified of your return to study when you cash your part-time or full-time funding, and you will not enter repayment for your previous part-time loans.

US students with previous loans

Students with previous US loans must notify their lender that they have returned to school. If you do not notify your lender, your loans will begin to accrue interest and you will enter repayment.

Notify your lender

UBC can inform your lender(s) that you've returned to school through the National Student Loan Data System (NSLDS).

  • Email usloans.inquiry@ubc.ca to request that we submit your current enrolment information to your US lenders.

  • Include your US Social Security Number (SSN) in the email. We need this to add you to the Clearinghouse list. If you prefer not to email your SSN you can make your request to Enrolment Services by phone or in person.

Once we submit this update, you will be on a report that UBC completes once every 60 days for the National Student Loan Data System. You will not need to manually request an enrolment update again, unless you cease to be a full-time student at UBC for a semester or more.

In-school deferment eligibility

If you are registered in at least a half-time course load, you will be eligible for In-School Deferment for your current study period.

To determine if you are studying in at least a half-time course load, please consult the Course Load Guide or contact Enrolment Services.

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