The federal portion of Canada Student Loans has been permanently interest-free since April 2023, a significant change that reduces lifetime borrowing costs by thousands for most borrowers. Provincial portions (OSAP, etc.) still charge interest in some provinces.
Repayment Assistance Plan (RAP)
If your gross family income is below thresholds, you can apply for RAP which reduces or eliminates your monthly payment. Payments above zero are applied first to interest (provincial portion) before principal.