Canada suspends federal student loan payments for six-months

March 25, 2020

The Government of Canada has announced that students with federal student loan debt will be automatically enrolled into a six-month loan holiday program. The holiday only applies to the federal portion and does not address any provincial or territorial payments to private financial institutions. "This situation is so fluid we would not rule out [extending the pause further]," Employment and Workforce Development Minister Carla Qualtrough said. "As the situation becomes more complicated and becomes more serious, there's never going to be a point we don't consider extending anything that we announced today." The Canadian Federation of Students is also calling for further help for unemployed students and for international students without equivalent health coverage. The Canadian Alliance of Student Associations applauded the move and called on provincial and territorial governments to follow suit. CBC (National)