Tammy has a Canada Student Loan. Which statement regarding her loan responsibilities is FALSE?

Tammy's responsibilities related to her Canada Student Loan include various terms and conditions aimed at managing her loan effectively. The statement regarding the requirement to complete a Consolidated Student Loan Agreement within one month of finishing her studies is not accurate. Typically, the completion of this agreement is not mandatory right after finishing school; rather, it is connected to the steps taken once she begins her repayment phase.

In contrast, the other statements are in line with the standard conditions for Canada Student Loans. Students enrolled full-time are usually not required to make repayments while they are still studying, thus allowing them to focus on their education. Additionally, during this period, their loans usually remain interest-free. After graduation, borrowers like Tammy may also qualify for interest relief based on certain criteria, enabling them to manage any potential financial strain as they transition into the workforce. This understanding of her rights and responsibilities is crucial for successfully navigating her loan obligations.