Nelson is a part-time student who has two Canada Student Loans. Which statement is FALSE regarding his loan obligations?

The statement that Nelson must begin making interest payments 90 days after the loan is issued is not accurate. In Canada, students are typically not required to make payments on their Canada Student Loans while they are enrolled in school. Generally, there is a six-month grace period after graduation or leaving school before students must start making any payments or interest payments. Additionally, while students are enrolled (even part-time), they may be eligible for interest relief options that temporarily lessen their financial burden.

The other options reflect the realities of Canada Student Loans: students can receive interest relief, have options for deferring payments while studying part-time, and must submit their loan applications in a timely manner to ensure their financial aid needs are met. Understanding these components is crucial for managing student loan responsibilities effectively.