New interest relief measure to provide help to Canada Student Loan borrowers on medical or parental leave

Domain: Care, Economy
Tags:Family Finances, Mental Health, Students

The federal government announces a new measure to help student borrowers manage financial burdens they may face when taking temporary medical or parental leave from their studies—including for mental health reasons. Borrowers who are approved under this new measure will benefit from a suspension of payments and interest on their Canada Student Loans for six months, which can be extended up to a total of 18 months of leave. 

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