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Deferred Payment Plan

If you qualify for the Deferred Payment Plan, you will be able to repay your student loan in accordance with your financial capacity and your family situation, whether the loan was taken out under the Loans and Bursaries Program or the Loans Program for Part-Time Studies.

During this period, the government will pay the interest on your loan on your behalf. You will not be required to repay this amount.

If you want to obtain an estimate of your monthly payment under the Deferred Payment Plan based on your financial and family situations, you can use the monthly payment calculation simulator.

The Deferred Payment Plan allows you to repay your student loan despite your financial difficulties.

Important! Your application for the Deferred Payment Plan is a commitment on your part. Should a monthly payment be required of you once Aide financière aux études has analyzed your application, your financial institution will be automatically notified and will withdraw this amount from your account in each of the six months covered by your application.

Eligibility requirements

You could qualify for the Deferred Payment Plan if:

  • You are experiencing financial difficulties* as defined in sections 74 and 74.1 of the Regulation respecting financial assistance for education expenses
  • You interrupted or completed your studies more than six months ago (end of the six-month option)
  • You need to repay an amount received as a loan from a financial institution that is recognized by the Ministry under the Loans and Bursaries Program or the Loans Program for Part-Time Studies
  • You have not already benefitted from the Plan for more than 60 months in your lifetime
  • You have not reached the end of the 120-month period that follows the six-month option
  • You have not sought protection under the Bankruptcy and Insolvency Act
  • You have not become ineligible for the Plan subsequent to a check on your reported income
  • You did not register for voluntary deposit per the Code of Civil Procedure
  • You have made all required payments during the period covered by an earlier application to the Plan.

    *In order to qualify for this program, you will need to provide proof of income. Your information will be verified.

Plan limits

If you qualify for the Deferred Payment Plan, the time period covered by your application will generally be six months and will be established by taking account of your request to take advantage of the relief measure for repaying your student loan and the information in your file. It could be less than six months if you return to your studies during the period covered by your application or reach the combined 60-month lifetime limit.

You may renew you application to participate in this plan. However, you should note that you need to submit a new application for each six-month period in which your wish to take advantage of the Plan to ensure that you qualify. If this is a renewal application, you must have made all required payments under your previous application to qualify for a new period of deferral.

You may apply for the Plan at any time during the ten years (120 months) that follow the end of your six-month option. Your application can be retroactive but not go back more than six months from the date when you submit it.

The aim of the Deferred Payment Plan is to enable you to be responsible for repaying your student loan, i.e., the amount you owe to your financial institution as of today. This plan is not for individuals who are already repaying their student loan and who have an open file with the Aide financière aux études Collection Department.

What happens then?

Once you no longer qualify for the Plan, you will need to contact your financial institution’s loan centre and begin making the planned monthly payments to retire your student loan.

If you declared bankruptcy, made a consumer proposal or registered for voluntary deposit

Please note that pursuant to the Bankruptcy and Insolvency Act, you cannot qualify for the Plan if you declared bankruptcy, made a consumer proposal or registered for voluntary deposit per the Code of Civil Procedure.

You are disabled

If you purchased a loan disability insurance policy, you need to apply to your insurer for loan repayment. If the insurer accepts your application, you will avoid needlessly using up your qualifying months under the Deferred Payment Plan.

How to apply

The Deferred Payment Plan tab and application form will only be available if you meet the minimum conditions for eligibility. In particular, in addition to the requirement of repaying amounts received as loans, you must:

  • Have interrupted or finished your studies at least six months ago (end of the 6-month option
  • Not have reached the 120-month limit following the end of the 6-month option
  • You did not register for voluntary deposit per the Code of Civil Procedure
  • Not have sought protection under the Bankruptcy and Insolvency Act

Take the following steps to benefit from the Deferred Payment Plan:

  • Fill out and submit the Deferred Payment Plan Web application form, which is available in the Deferred Payment Plan tab in your on-line file.

    You will need to have various pieces of information in hand before you start to fill out the form.
    In order to fill out the form, you need to know your actual or expected gross income before deductions for each of the months covered by your application.

  • Take note of the contents of the form’s Receipt notice and required documents that will enable us to process your application. This form is always accessible.
  • You also need to send us all documents we require and in particular proofs of gross income before deductions covering the already-completed months for the period that will be shown on your form.

    If you report self-employment or business income, you will need to first fill out the Statement of Income and Expenses – Deferred Payment Plan form (2064). If you report support income, you will need to first fill out the Declaration of Support Income ― Deferred Payment Plan form (2034). You will find these forms in the Print forms section of our Web site.

    Icône de dépôt en ligneYou can submit your documents easily and securely by uploading them right into your on-line file. To learn more about how to upload documents to Aide financière aux études, check our Web site’s Submit a document section.

    If you are unable to provide a document in digital format, you can mail it to us.

    Please be aware that your application will not be processed until we have received all required documents and that all your documents must be submitted in a single envelope. Once Aide financière aux études receives a single document it presumes it has received all documents it needs to process your file.

  • If a favorable decision is made after your application has been analyzed, a monthly payment amount will be determined. You can check the status in your on-line file. If you did not provide an e-mail address, you will also receive a letter.

Important note: Your application to the Deferred Payment Plan is a commitment on your part. If Aide financière aux études determines that a monthly payment is required, your financial institution will be automatically notified and will withdraw that amount for each of the six months covered by your application.

However, if your application covers a period that has already begun, the payments expected for the months that are over will be withdrawn in a single cumulative debit shortly after your application is accepted.

For example, if an application is accepted on June 17 for the April-September period and involves a monthly payment of $75, the payments for April and May, totaling $150, will be withdrawn in a single debit shortly after June 17.

  • After you receive a favorable decision by e-mail or letter and if a monthly repayment amount is required, you will need to ensure that your financial institution has your current banking information and that sufficient funds are in your account on the day that payments are debited in each of the months covered by your application.

If your situation has not changed by the end of the period covered by your application and you wish to again benefit from the Plan, you will need to submit a new application so that your eligibility can be determined.

Useful terms

Employment Assistance Allowance: financial assistance paid by Emploi-Québec to individuals that participate in an active employment assistance measure. (Not to be confused with the Solidarity Tax Credit).

Québec Parental Insurance Plan: income replacement benefit paid by the ministère du Travail, de l’Emploi et de la Solidarité sociale to an eligible person who takes maternal, paternal, parental or adoption leave.

Eligibility start date for the Plan: approximately six months after the end of your studies.

Dependent child:
Under the Deferred Payment Plan, a child that meets all of the following conditions:

  • Is unmarried
  • Is not a parent or more than twenty weeks pregnant
  • Is either less than 18 years of age or if more than 18 is a full-time student living with you or if not living with you receives a financial contribution from you

Single parent: a person that lives with their child, has custody at least 25% of the time and is unmarried, a widow or widower, legally or de facto divorced or separated or whose spouse cannot be located.

Period covered by the application: period of time for which you apply to benefit from a relief measure for the repayment of your student loan. This may be a past or future time (in this latter case, the start date cannot be more than one month from the date you apply).

The time frame effectively covered by your application will in general last six months but is established by taking account of the period for which you apply to benefit from a relief measure for repayment of your student loan and information in your file.

Social assistance or solidarity benefits: financial assistance from the ministère du Travail, de l’Emploi et de la Solidarité sociale or Last-resort financial assistance received under the social assistance or social solidarity programs. (Not to be confused with the Solidarity Tax Credit).

Income counted in the Plan:

  • Social Assistance or Solidarity program benefits
  • Employment income
  • Self-employment or business income
  • Employment Insurance benefits (unemployment insurance)
  • Québec Parental Insurance Plan benefits
  • Income replacement benefits (Wage insurance, SAAQ or CNESST)
  • Employment Assistance Allowance (Emploi-Québec)
  • Retirement or disability pensions
  • Support payments
  • Other sources of income except those not counted in the Plan

Income not counted in the Plan:

  • Solidarity Tax Credit
  • Scholarships and bursaries
  • Donations
  • Withdrawals from a Registered Retirement Savings Plan (RRSP)
  • Inheritance income

Additional information

For additional information regarding the Deferred Payment Plan, call

  • your financial institution
    or
  • our Costumer Service at
    • 418-643-3750 (Québec City),
    • 514-864-3557 (Montréal) or
    • 1-877-643-3750 (toll-free elsewhere in Canada and the United States).

Has your situation changed? Do you plan on moving?

You are required to inform Aide financière aux études of any change of address as long as your student loan has not fully retired. You can do this easily and quickly using the Your contact information tab in your online file.

Contact AFE

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