student loans ontario

Ontario government removes grace period for student loan repayment

The education system is the PC government's target this week, as they slash tuition rates, remove free tuition grants for low income students, and more. 

Now, the provincial government has announced it will remove the sacred grace period for student loan repayment. 

Previously, starving students were permitted a six month period after graduating where they didn't have to worry about starting their interest accruing.

Now, graduates will be start gaining interest on their loans as soon as they finish their final semester.

There's no word yet on whether anything will happen to the Repayment Assistance Plan, but given the current trajectory, its days may be numbered as well. 

Better start looking for a job six months earlier, students.

Lead photo by

PJMixer


Join the conversation Load comments

Latest in City

Toronto residents question safety of Cherry Beach following chainsaw attack

Five international flights with COVID-19 cases have entered Toronto since start of August

People in Toronto are getting shamed on social media for not wearing face masks properly

Toronto is shutting down the DVP this weekend

Two people with chainsaws arrested after large fight at Cherry Beach in Toronto

Man found stabbed near site of massive party at Toronto bar

Heat warning issued for Toronto as humidex soars above 40 C

Someone has been collecting old postcards of Toronto and these are some of his favourites