NB to eliminate interest on provincial student loans

April 20, 2022
The Government of New Brunswick’s Department of Post-Secondary Education, Training and Labour has announced that it will no longer charge interest on provincial student loans. The interest relief will be implemented in the fall and is expected to help 65,000 existing borrowers as well as future students. “Our government recognizes the importance of making post-secondary education more affordable,” said NB Post-Secondary Education, Training and Labour Minister Trevor Holder. ‟Eliminating student loan interest is something student representatives have asked for, and it has always been our intention to do so. In 2020 we lowered the interest rate, and I am proud we are now at a point where we can eliminate it.” NB (NB)