Manitoba suspends student loan repayments amid COVID-19

The Manitoba government is suspending repayment on all student aid loans until the end of September to soften the financial blow by COVID-19.

The move is in line with the federal government’s decision to suspend loan repayments under the Canada Student Loan Program through to September 30.

“While people, businesses and organizations across our province co-operate to try to flatten the curve on COVID-19 and reduce its spread, it’s important that our government also do its part to assist those carrying a heavier financial burden during this public health emergency,” said Premier Brian Pallister in a news release.

“With this suspension of loan repayments, we are giving a helping hand to Manitobans who have invested in post-secondary education.”

The province estimates it would have received about $1 million on April 1, and will defer the collection of about $7 million in total for this fiscal year.

 

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