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Are you almost finished school and wondering how to go about repaying your student loans?

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You've come to the right place. Whether you have one or two student loans to repay,

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CanLearn can help you figure out the process in three easy steps.

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Step 1 - Where to Make Your Payments

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You applied for your loans through your province or territory but that doesn't mean that you only have one loan to pay back.

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In some provinces and territories, loans are issued separately by the federal and provincial/territorial governments.

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That means that you could have more than one loan and more than one loan provider to arrange payments with.

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Step 2 - When to Make Your Payments

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Once you've verified how many loans you need to repay and to whom,

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it's important to know that most government student loan programs give you at least six months after your post-secondary studies

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before you have to start paying back your loan. However, interest does accumulate during this time.

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This six-month period is meant to give you enough time to find a job and start making money.

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So contact your loan provider toward the end of your studies to determine the exact date you're expected to start paying back your loan,

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and check out the Loan Repayment Calculator to determine your monthly payments.

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Step 3 - How to Make Your Payments

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You will be notified by mail that your loan repayment is about to begin. If you haven't received anything by mail,

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make sure you contact your loan provider loan provider before the end of the six month period.

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Your loan repayment papers will tell you:

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-	the total amount of your loan

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-	the interest rate that will be applied to your loan

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-	the monthly amount that will be withdrawn from your bank account

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-	the bank account the payment will be withdrawn from

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-	the date on which it will be withdrawn every month or, for those paying by cheque, when to send payment

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-	how long it will take to pay back your loan

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In most cases, your loan payments will automatically begin six months after your studies end.

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If they don't begin, contact your loan provider immediately.

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And remember to keep your address information up to date, so you can proactively manage your payments.

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Repaying your students loans doesn't have to be a complicated process.

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Check out the CanLearn site to learn more.

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