Stay Interest Free While in School
While you're a full-time student your current
student loan and any past student loans are interest-free and
do not require repayment. However, any break in studies for
six months or more will automatically put your loans into repayment
mode.
If you receive a student loan for one period of study, but
do not require a loan for subsequent periods of study, you'll
need to complete a Schedule 2 - Interest-Free Certificate
(Confirmation of Enrolment) for Canada-Saskatchewan Integrated
Student Loans Program each year to maintain your interest-free
status and suspend repayment.
As of August 1, 2002, an integrated Schedule 2 form was introduced
to replace the previous Schedule B (Saskatchewan Student Loan
Interest Free Certificate) and Schedule 2 (Canada Student Loan
Interest Free Certificate).
Students returning to school full-time and not requiring
a student loan but wishing to keep their previous student loan
in interest free status must have this form completed by their
Educational Institution and forwarded to the National Student
Loans Service Centre - Private or Public Division. A Schedule
2 may be obtained from educational institutions or the Student
Financial Assistance Branch.
Once completed, the form must be mailed directly to the National
Student Loans Service Centre or dropped off at Student Financial
Assistance Branch. The integrated Schedule 2 is a five-part
form, which once signed, is to be distributed as indicated
on the bottom left hand corner of the form.
For further information, contact the National
Student Loans Service Centre or Student
Financial Assistance Branch. |
