Canada Student Loans Program statistical review 2015 to 2016

From: Employment and Social Development Canada

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Introduction

The Government of Canada delivers the Canada Student Loans Program (CSLP) to help make post-secondary education (PSE) more affordable and accessible for students with a demonstrated financial need. The CSLP reduces financial barriers through the provision of loans as well as Canada Student Grants, which are upfront, non-repayable assistance to meet the diverse financial needs of students from under-represented groups in PSE. In meeting an eligible student's assessed financial need, grants are awarded first, after which any remaining need is covered through Canada Student Loans (up to a loan maximum). The CSLP also offers repayment assistance to student loan borrowers who have difficulty repaying their loans with the Repayment Assistance Plan (RAP).

Over $51.4 billion in student loans have been disbursed to more than 5.6 million students since the CSLP's introduction in 1964.

The CSLP has provided approximately $5.8 billion to 2.9 million students in non-repayable grants since 1995.

Canada Student Loans and Canada Student Grants are available across Canada with the exception of Quebec, Nunavut and the Northwest Territories, which receive alternative payments from the federal government to administer their own student financial assistance programs.

Highlights

This issue of the Annual Statistical Review includes data up to the end of the 2015 to 2016 loan year (August 1, 2015 to July 31, 2016). Here are key highlights:

  • Loans for Full-time Students: 490,000 full-time students received a total of $2.7 billion in loans, which varies marginally from the previous year. The average loan for full-time students decreased slightly to $5,507, from $5,529 in 2014 to 2015
  • Loans for Part-time Students: $24.1 million was disbursed to approximately 13,700 part-time students. This represents an increase of 15.6% in the value of loans and a 13.5% increase in the number of borrowers since 2014 to 2015
  • Grants: 369,000 students received $719.5 million in non-repayment grants, which represents a marginal increase since 2014 to 2015. Of the amount disbursed, the vast majority (77.5%) was provided to low-income full- and part-time students, with another 10.2% provided to students from middle-income families and 12.3% targeted for students with permanent disabilities
  • Loan Balance: At the time of leaving school, the average debt load was $13,306 (up 4.1% since 2014 to 2015)
  • RAP Uptake: More than 276,000 borrowers received support under RAP (an increase of 7.8% from the previous year). Of those who entered into loan repayment in  2015 to 2016, 27.8% used RAP at some point in the loan year
  • Three-Year Default Rate: The three-year default rate continues its downward trend, decreasing from 11% for those entering repayment in 2013 to 2014 to 10% for those entering repayment in  2014 to 2015. The default rate has declined one percentage point each year since 2009 to 2010
  • Canada Apprentice Loan: $69.4 million was disbursed to approximately 16,430 apprentices

About this report

This report provides tables pertaining to the various components of the CSLP. These tables offer detailed statistics (broken down by relevant characteristics) and, in most cases, go back to the 2011 to 2012 loan year (that is, providing a five-year reference period). Please note that figures may not add-up due to rounding.

1. Canada Student Loan disbursement

1.1 Number of borrowers and value of loans for full-time students by jurisdiction
Province / territory 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016
Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million)
Newfoundland and Labrador 6,635 29.9 6,354 29.9 6,081 29.0 5,826 28.0 6,102 28.9
Prince Edward Island 3,307 21.1 3,280 21.3 3,115 20.3 2,900 18.8 2,663 17.0
Nova Scotia 15,351 106.1 15,790 110.5 16,637 116.7 16,311 115.1 16,313 113.9
New Brunswick 14,586 74.1 13,619 71.7 12,859 70.4 12,059 66.5 11,500 63.6
Ontario 273,614 1,420.0 302,355 1,603.9 323,200 1,735.3 323,232 1,736.6 322,386 1,722.7
Manitoba 9,410 44.6 9,858 47.8 9,829 47.3 9,631 46.0 10,052 48.0
Saskatchewan 11,510 66.2 11,469 66.6 11,202 66.1 11,199 68.7 11,642 71.0
Alberta 49,882 275.8 49,114 269.3 49,309 274.1 50,885 285.9 55,900 318.3
British Columbia 62,087 361.9 60,158 344.5 59,058 340.5 56,574 335.7 53,207 313.8
Yukon 200 1.1 170 1.0 154 0.9 164 1.0 170 1.0
Total 446,582 2,400.7 472,167 2,566.4 491,444 2,700.7 488,781 2,702.2 489,935 2,698.2
1.2 Number of borrowers and value of loans for part-time students by jurisdiction
Province / territory 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016
Number of borrowers Value of loans ($ thousand) Number of borrowers Value of loans ($ thousand) Number of borrowers Value of loans ($ thousand) Number of borrowers Value of loans ($ thousand) Number of borrowers Value of loans ($ thousand)
Newfoundland and Labrador No data No data No data No data No data No data No data No data No data No data
Prince Edward Island 95 153.8 90 181.2 95 214.5 68 150.6 72 105.6
Nova Scotia 119 159.2 126 203.0 137 202.5 184 315.6 200 436.1
New Brunswick 69 108.4 92 175.9 102 174.1 104 160.2 118 196.7
Ontario 3,602 5,933.1 5,168 8,250.4 6,261 10,376.7 7,023 11,442.9 7,808 12,645.0
Manitoba 267 601.4 327 738.4 393 949.7 361 1,201.7 434 1,515.8
Saskatchewan 73 241.3 78 179.7 82 182.7 76 193.8 123 290.1
Alberta 477 739.4 1,021 1,740.7 1,166 2,099.5 1,393 2,503.7 1,766 3,459.8
British Columbia 1,744 3,248.3 2,679 5,066.7 2,986 5,660.2 2,841 4,866.2 3,133 5,414.5
Yukon No data No data No data No data No data No data No data No data No data No data
Total 6,470 11,215.9 9,601 16,553.4 11,254 19,887.7 12,086 20,881.4 13,712 24,132.4

Note on the cells containing "No data": Cells are suppressed to prevent statistical disclosure of number of borrowers less than 10.

1.3 Number of borrowers and value of loans for full-time students by institution type
Institution type 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016
Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million)
University 264,551 1,430.2 279,015 1,533.8 288,867 1,611.1 288,692 1,625.6 287,768 1,619.5
College 137,105 632.8 147,861 692.8 156,262 739.9 155,869 742.4 156,791 740.5
Private Institution 44,926 337.6 45,291 339.8 46,315 349.6 44,220 334.2 45,376 338.2
Total 446,582 2,400.7 472,167 2,566.4 491,444 2,700.7 488,781 2,702.1 489,935 2,698.2
1.4 Number of borrowers and value of loans for part-time students by institution type
Institution type 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016
Number of borrowers Value of loans ($ thousand) Number of borrowers Value of loans ($ thousand) Number of borrowers Value of loans ($ thousand) Number of borrowers Value of loans ($ thousand) Number of borrowers Value of loans ($ thousand)
University 4,011 6,218.2 5,922 9,302.4 6,860 11,243.6 7,463 11,853.0 8,589 13,996.9
College 2,071 3,394.3 3,156 4,861.8 3,784 5,835.0 4,194 6,740.1 4,586 7,206.9
Private Institution 388 1,603.5 523 2,389.1 610 2,809.2 429 2,288.3 537 2,928.6
Total 6,470 11,215.9 9,601 16,553.4 11,254 19,887.8 12,086 20,881.4 13,712 24,132.4
1.5 Number of borrowers and value of loans for full-time students by study level
Study level 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016
Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million)
Doctorate 4,323 34.7 4,207 34.2 4,319 35.2 4,440 35.6 4,439 35.9
Master 15,522 113.4 16,187 119.5 17,186 127.5 17,481 129.0 18,282 133.2
Undergraduate 263,414 1,386.6 279,339 1,495.5 289,662 1,572.4 289,886 1,589.5 289,820 1,584.8
Certificate or Diploma 163,323 866.0 172,434 917.2 180,277 965.6 176,974 948.2 177,394 944.2
Total 446,582 2,400.7 472,167 2,566.4 491,444 2,700.7 488,781 2,702.2 489,935 2,698.2
1.6 Number of borrowers and value of loans for part-time students by study level
Study level 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016
Number of borrowers Value of loans ($ thousand) Number of borrowers Value of loans ($ thousand) Number of borrowers Value of loans ($ thousand) Number of borrowers Value of loans ($ thousand) Number of borrowers Value of loans ($ thousand)
Doctorate /
MasterFootnote 1
281 1,009.9 487 1,887.8 529 2,228.6 584 2,117.2 601 2,516.3
Undergraduate 2,447 4,846.3 5,474 7,630.2 6,424 9,345.7 6,962 10,097.4 8,298 12,086.1
Certificate or Diploma 3,742 5,359.7 3,640 7,035.3 4,301 8,313.4 4,540 8,666.9 4,813 9,530.0
Total 6,470 11,215.9 9,601 16,553.3 11,254 19,887.7 12,086 20,881.4 13,712 24,132.4
1.7 Number of borrowers and value of loans for full-time students by gender
Gender 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016
Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million)
Female 270,330 1,488.1 280,943 1,558.9 290,896 1,631.9 290,043 1,636.8 290,771 1,632.0
Male 176,252 912.6 191,224 1,007.4 200,548 1,068.8 198,738 1,065.4 199,164 1,066.2
Total 446,582 2,400.7 472,167 2,566.4 491,444 2,700.7 488,781 2,702.2 489,935 2,698.2
1.8 Number of borrowers and value of loans for part-time students by gender
Gender 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016
Number of borrowers Value of loans ($ thousand) Number of borrowers Value of loans ($ thousand) Number of borrowers Value of loans ($ thousand) Number of borrowers Value of loans ($ thousand) Number of borrowers Value of loans ($ thousand)
Female 4,159 7,464.2 6,201 10,980.0 7,202 13,150.0 7,542 13,496.4 8,522 15,541.3
Male 2,311 3,751.8 3,400 5,573.3 4,052 6,737.7 4,544 7,385.0 5,190 8,591.1
Total 6,470 11,215.9 9,601 16,553.3 11,254 19,887.7 12,086 20,881.4 13,712 24,132.4
1.9 Number of borrowers and value of loans for full-time students by age group
Age group 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016
Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million)
21 and under 241,756 1,173.2 258,205 1,274.9 271,271 1,361.5 269,965 1,358.7 269,242 1,358.2
22 to 25 115,443 652.2 121,661 693.5 125,045 717.8 124,082 718.2 123,602 707.9
26 to 29 41,776 261.1 42,683 267.8 43,357 274.4 42,649 271.2 43,008 269.3
30 and over 47,607 314.2 49,618 330.3 51,771 347.0 52,085 354.1 54,083 362.8
Total 446,582 2,400.7 472,167 2,556.4 491,444 2,700.7 488,781 2,702.2 489,935 2,698.2
1.10 Number of borrowers and value of loans for part-time students by age group
Age group 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016
Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million)
21 and Under 2,422 2,946.3 3,547 4,104.3 4,220 4,962.7 4,793 5,692.0 5,559 6,646.5
22 to 25 1,811 2,993.1 2,642 4,326.8 3,128 5,189.5 3,286 5,507.7 3,770 6,565.1
26 to 29 750 1,664.0 1,164 2,376.6 1,296 2,861.7 1,423 3,049.5 1,566 3,349.8
30 and Over 1,487 3,612.5 2,248 5,745.6 2,610 6,873.8 2,584 6,632.2 2,817 7,571.0
Total 6,470 11,215.9 9,601 16,553.3 11,254 19,887.7 12,086 20,881.4 13,712 24,132.4

2. Canada Student Grant disbursement

2.1 Number and value of grants by grant type

Number and value of grants by grant type - Full-time studies
Type of grants 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016
Number of grants Value of grants ($ million) Number of grants Value of grants ($ million) Number of grants Value of grants ($ million) Number of grants Value of grants ($ million) Number of grants Value of grants ($ million)
Students from low-income families 218,837 410.4 232,209 444.0 238,513 455.0 236,675 453.5 237,667 451.3
Students from middle-income families 89,076 65.7 93,262 70.5 95,493 72.3 95,820 72.8 97,564 73.5
Full time students with dependants 36,596 87.2 37,655 92.2 38,317 93.4 36,676 90.4 35,347 86.3
Students with permanent disabilities 22,881 42.7 26,547 50.4 29,222 55.3 31,356 59.4 34,104 65.0
Students with permanent disabilities – equipment and services 7,753 20.5 8,290 21.6 8,622 21.9 9,544 23.6 9,894 23.5
Transition grantsFootnote 1 4,365 6.2 not applicable not applicable not applicable not applicable not applicable not applicable not applicable not applicable
Millennium Excellence AwardsFootnote 2 768 4.1 255 1.4 17 0.1 not applicable not applicable not applicable not applicable
Total full-time grants 380,276 636.7 398,218 680.1 410,184 697.9 410,071 699.6 414,576 699.7
Number and value of grants by grant type - Part-time studies
Type of grants 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016
Number of grants Value of grants ($ million) Number of grants Value of grants ($ million) Number of grants Value of grants ($ million) Number of grants Value of grants ($ million) Number of grants Value of grants ($ million)
Part-time students 8,802 9.7 13,180 14.5 14,937 16.6 15,958 17.7 17,432 19.4
Part-time students with dependants 317 0.3 423 0.4 739 0.7 378 0.4 408 0.4
Total part-time grants 9,119 10.0 13,603 14.9 15,676 17.3 16,336 18.1 17,840 19.8
Number and value of grants by grant type - Full-time and part-time studies totals
Type of grants 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016
Number of grants Value of grants ($ million) Number of grants Value of grants ($ million) Number of grants Value of grants ($ million) Number of grants Value of grants ($ million) Number of grants Value of grants ($ million)
Total number of grants 389,395 646.7 411,821 695.0 425,860 715.3 426,407 717.7 432,416 719.5
Total unique grant recipients 336,173 646.7 356,894 695.0 367,603 715.3 365,832 717.7 368,940 719.5
2.2 Number of recipients and value of grants by jurisdiction
Province / territory 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016
Number of recipients Value of grants ($ million) Number of recipients Value of grants ($ million) Number of recipients Value of grants ($ million) Number of recipients Value of grants ($ million) Number of recipients Value of grants ($ million)
Newfoundland and Labrador 4,215 7.5 4,063 7.5 3,879 7.6 3,665 7.4 4,038 8.3
Prince Edward Island 2,323 4.3 2,406 4.5 2,370 4.6 2,271 4.4 2,177 4.5
Nova Scotia 10,616 21.7 10,917 22.8 11,321 23.5 11,104 23.3 11,169 23.7
New Brunswick 8,448 15.6 8,199 15.9 7,919 16.1 7,418 15.2 7,009 14.0
Ontario 207,364 386.7 226,772 431.8 239,781 457.1 240,701 463.6 243,772 464.1
Manitoba 7,757 16.6 7,788 17.7 7,922 17.3 7,800 16.8 8,116 17.2
Saskatchewan 8,661 19.8 8,659 20.0 8,374 18.9 8,214 19.1 8,524 19.6
Alberta 36,573 74.2 37,647 76.4 36,559 73.6 37,515 76.1 39,544 80.9
British Columbia 49,284 95.8 50,036 96.7 49,336 96.1 47,009 91.7 44,463 87.0
Yukon 164 0.4 152 0.3 125 0.3 135 0.3 128 0.3
Total 335,405 642.7 356,639 693.6 367,586 715.2 365,832 717.7 368,940 719.5

Note: The number of grant recipients in each jurisdiction includes all types of grants offered through the CSLP, except for the Millennium Excellence Awards, for which the provincial breakdown is unavailable. That is why the total in this table in some cases is smaller than that in Table 2.1.

2.3 Number of recipients and value of grants by institution type
Institution type 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016
Number of recipients Value of grants ($ million) Number of recipients Value of grants ($ million) Number of recipients Value of grants ($ million) Number of recipients Value of grants ($ million) Number of recipients Value of grants ($ million)
University 202,460 376.0 212,772 397.1 217,274 404.2 216,101 407.7 217,633 409.6
College 109,498 218.7 118,574 241.6 124,207 253.3 124,758 254.9 126,528 254.2
Private Institution 24,215 52.0 25,548 56.2 26,106 57.6 24,974 55.1 24,779 55.8
Total 336,173 646.7 356,894 695.0 367,586 715.2 365,832 717.7 368,940 719.5
2.4 Number of recipients and value of grants for full-time students from low-income families by jurisdiction
Province / territory 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016
Number of recipients Value of grants ($ million) Number of recipients Value of grants ($ million) Number of recipients Value of grants ($ million) Number of recipients Value of grants ($ million) Number of recipients Value of grants ($ million)
Newfoundland and Labrador 2,865 5.3 2,756 5.1 2,605 4.9 2,537 4.8 2,736 5.1
Prince Edward Island 1,253 2.5 1,223 2.4 1,172 2.3 1,088 2.2 1,026 2.0
Nova Scotia 6,442 13.0 6,651 13.6 6,904 14.0 6,823 13.9 6,793 13.8
New Brunswick 5,191 9.6 5,109 9.6 4,951 9.6 4,727 9.0 4,400 8.4
Ontario 135,956 250.9 148,342 281.3 156,746 296.4 156,432 298.0 158,666 297.9
Manitoba 4,999 8.9 5,153 10.3 5,260 10.3 5,217 10.2 5,398 10.5
Saskatchewan 5,477 10.7 5,557 10.9 5,287 10.3 5,190 10.3 5,289 10.5
Alberta 23,277 45.5 23,447 46.0 22,642 44.3 23,230 45.2 24,352 47.8
British Columbia 33,268 63.8 33,864 64.6 32,863 62.7 31,343 59.8 28,914 55.1
Yukon 109 0.2 107 0.2 83 0.2 88 0.2 93 0.2
Total 218,837 410.4 232,209 444.0 238,513 455.0 236,675 453.5 237,667 451.3

Note: Eligibility for this grant is determined with the low-income thresholds based on the Low-Income Cut-Offs (LICO) of Statistics Canada. The low-income thresholds vary by family size and province of residence.

2.5 Number of recipients and value of grants for full-time students from middle-income families by jurisdiction
Province / territory 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016
Number of recipients Value of grants ($ million) Number of recipients Value of grants ($ million) Number of recipients Value of grants ($ million) Number of recipients Value of grants ($ million) Number of recipients Value of grants ($ million)
Newfoundland and Labrador 1,130 0.8 1,038 0.8 939 0.7 809 0.6 886 0.6
Prince Edward Island 694 0.6 687 0.5 650 0.5 585 0.5 539 0.4
Nova Scotia 3,328 2.7 3,380 2.7 3,519 2.9 3,387 2.7 3,364 2.7
New Brunswick 2,600 1.9 2,391 1.8 2,225 1.7 2,041 1.6 1,970 1.5
Ontario 56,274 41.0 60,916 45.9 63,512 47.9 64,820 49.2 66,044 49.6
Manitoba 1,636 1.1 1,742 1.4 1,826 1.4 1,809 1.4 1,893 1.5
Saskatchewan 2,422 1.9 2,409 1.8 2,435 1.9 2,334 1.8 2,515 1.9
Alberta 10,081 7.8 10,108 7.9 9,722 7.6 9,775 7.5 10,421 8.0
British Columbia 10,867 7.9 10,551 7.7 10,630 7.7 10,228 7.5 9,899 7.2
Yukon 44 0.04 40 0.03 35 0.03 32 0.03 33 0.03
Total 89,076 65.7 93,262 70.5 95,493 72.3 95,820 72.8 97,564 73.5

Note: Eligibility for this grant is determined with middle-income thresholds based on the Moderate Standard of Living estimated by CSLP. The middle-income thresholds vary by family size and province of residence

2.6 Number of recipients and value of grants for full-time students with permanent disabilities by jurisdiction
Province / territory 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016
Number of recipients Value of grants ($ million) Number of recipients Value of grants ($ million) Number of recipients Value of grants ($ million) Number of recipients Value of grants ($ million) Number of recipients Value of grants ($ million)
Newfoundland and Labrador 253 0.5 283 0.5 377 0.7 360 0.7 511 1.0
Prince Edward Island No data No data No data No data No data No data No data No data No data No data
Nova Scotia 1,122 2.2 1,275 2.5 1,331 2.6 1,338 2.6 1,533 3.0
New Brunswick 526 0.9 553 1.0 676 1.2 699 1.2 696 1.2
Ontario 15,140 27.8 17,797 33.3 19,798 37.0 21,458 40.3 23,242 43.9
Manitoba 374 0.7 420 0.8 412 0.8 416 0.8 442 0.8
Saskatchewan 750 1.4 806 1.6 815 1.6 889 1.7 1,005 1.9
Alberta 1,705 3.3 2,141 4.2 2,242 4.4 2,481 4.9 2,756 5.4
British Columbia 2,835 5.6 3,068 6.1 3,341 6.6 3,466 6.8 3,613 7.2
Yukon No data No data No data No data No data No data No data No data No data No data
Total 22,881 42.7 26,547 50.4 29,222 55.3 31,356 59.4 34,104 65.0

Note on the cells containing "No data": Cells are suppressed to prevent statistical disclosure of number of borrowers less than 10.

2.7 Number of recipients and value of grants for full-time students with dependants by jurisdiction
Province / territory 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016
Number of recipients Value of grants ($ million) Number of recipients Value of grants ($ million) Number of recipients Value of grants ($ million) Number of recipients Value of grants ($ million) Number of recipients Value of grants ($ million)
Newfoundland and Labrador 338 0.6 358 0.7 343 0.7 323 0.7 328 0.7
Prince Edward Island 161 0.4 152 0.3 157 0.4 143 0.3 122 0.3
Nova Scotia 927 2.3 916 2.2 953 2.3 923 2.3 939 2.3
New Brunswick 930 1.9 932 1.9 862 1.7 769 1.6 703 1.4
Ontario 21,400 50.7 22,800 55.9 23,874 58.5 22,668 56.3 21,564 52.6
Manitoba 1,384 3.4 1,412 3.7 1,330 3.4 1,199 3.1 1,192 3.0
Saskatchewan 1,549 4.2 1,473 4.1 1,445 4.0 1,349 3.8 1,366 3.7
Alberta 5,031 12.5 5,228 13.1 5,066 12.3 5,419 13.2 5,706 14.3
British Columbia 4,850 11.2 4,363 10.2 4,268 9.9 3,861 8.9 3,414 7.9
Yukon 26 0.1 21 0.1 19 0.04 22 0.04 13 0.02
Total 36,596 87.2 37,655 92.2 38,317 93.4 36,676 90.4 35,347 86.3

3. Average loan balance at time of leaving school for full-time students

3.1 Average loan balance at time of leaving school by jurisdiction ($)
Province / territory 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016
Newfoundland and Labrador 11,611 11,683 11,320 11,001 11,134
Prince Edward Island 16,375 16,836 16,823 16,741 17,704
Nova Scotia 15,864 15,979 16,602 16,534 17,090
New Brunswick 12,438 12,374 12,614 12,916 13,806
Ontario 11,865 12,056 12,240 12,657 13,308
Manitoba 9,088 9,059 8,972 9,263 9,710
Saskatchewan 13,644 13,207 13,389 13,750 14,279
Alberta 11,554 11,748 11,853 11,975 12,142
British Columbia 12,780 13,042 13,328 13,477 13,728
Yukon 11,868 12,879 12,239 10,968 11,118
Overall 12,155 12,314 12,480 12,783 13,306
3.2 Average loan balance at time of leaving school by institution type ($)
Institution type 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016
University 15,416 15,548 15,655 15,989 16,727
College 8,975 9,143 9,452 9,794 10,172
Private institution 10,243 10,635 10,739 11,082 11,137
Overall 12,155 12,314 12,480 12,783 13,306
3.3 Average loan balance at time of leaving school by study level ($)
Study level 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016
Doctorate 26,596 27,502 28,463 29,289 29,040
Master 19,806 20,112 20,366 20,531 21,207
Undergraduate 14,912 15,020 15,144 15,478 16,152
Certificate or Diploma 8,948 9,136 9,317 9,626 9,890
Overall 12,155 12,314 12,480 12,783 13,306
3.4 Distribution of loan balance at time of leaving school by amount range
Loan Amount Ranges 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016
Less than $5,000 25% 24% 24% 23% 22%
$5,000 to $9,999 30% 30% 29% 29% 27%
$10,000 to $19,999 27% 27% 27% 27% 28%
$20,000 to $29,999 12% 12% 12% 13% 14%
$30,000 and over 7% 7% 7% 8% 9%

4. Repayment Assistance Plan (RAP)

4.1 Number of RAP recipients by RAP type and jurisdiction
Province / territory 2014 to 2015 2015 to 2016
Stage 1 Stage 2 PD Total Stage 1 Stage 2 PD Total
Newfoundland and Labrador 3,565 654 170 4,389 3,651 731 207 4,589
Prince Edward Island 1,667 No data No data 1,943 1,714 No data No data 2,041
Nova Scotia 9,954 1,222 807 11,983 10,478 1,511 982 12,971
New Brunswick 10,457 1,859 500 12,816 10,503 2,232 607 13,342
Ontario 133,697 13,323 11,470 158,490 140,298 16,992 13,282 170,572
Manitoba 3,324 291 211 3,826 3,408 347 247 4,002
Saskatchewan 3,246 453 466 4,165 3,475 518 537 4,530
Alberta 18,060 1,140 751 19,951 21,929 1,444 991 24,364
British Columbia 33,216 3,264 2,041 38,521 33,142 4,205 2,301 39,648
Yukon 70 No data No data 80 63 No data No data 74
Total 217,256 22,391 16,517 256,164 228,661 28,199 19,273 276,133

Note on the cells containing "No data": Cells are suppressed to prevent statistical disclosure of number of RAP recipients less than 10.

4.2 Number of RAP Recipients by institution type
Institution Type 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016
University 83,125 91,637 102,240 110,088 117,571
College 64,797 73,978 83,505 93,377 101,712
Private institution 36,891 43,164 47,939 52,699 56,850
Total 184,813 208,779 233,684 256,164  276,133
4.3 Number of RAP recipients by RAP stage and payment type
RAP stage 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015 2015 to 2016
Stage 1 Zero Payment 148,126 163,424 178,479 189,208 197,829
Affordable Payment 18,932 21,418 24,549 28,048 30,832
Total 167,058 184,843 203,028 217,256 228,661
Stage 2 Zero Payment 6,728 10,051 13,613 17,985 22,540
Affordable Payment 1,573 2,478 3,428 4,406 5,659
Total 8,301 12,528 17,041 22,391 28,199
Permanent Disability
(PD)
Zero Payment 8,234 9,912 11,795 14,412 16,538
Affordable Payment 1,220 1,496 1,820 2,105 2,735
Total 9,454 11,408 13,615 16,517 19,273
All Stages Zero Payment 163,088 183,387 203,887 221,605 236,907
Affordable Payment 21,725 25,392 29,797 34,559 39,226
Total 184,813 208,779 233,684 256,164 276,133
4.4 First year RAP uptake rate by jurisdiction
Province / territory 2013 to 2014 2014 to 2015 2015 to 2016
Number of Borrowers Entering Repayment Number of Borrowers on RAP During the 1st Year in Repayment RAP Uptake Rate Number of Borrowers Entering Repayment Number of Borrowers on RAP During the 1st Year in Repayment RAP Uptake Rate Number of Borrowers Entering Repayment Number of Borrowers on RAP During the 1st Year in Repayment RAP Uptake Rate
Newfoundland and Labrador 3,340 787 23.6% 3,190 757 23.7% 3,052 737 24.1%
Prince Edward Island 1,454 408 28.1% 1,407 397 28.2% 1,341 408 30.4%
Nova Scotia 7,145 2,364 33.1% 7,473 2,502 33.5% 7,284 2,512 34.5%
New Brunswick 6,427 2,317 36.1% 6,232 2,181 35.0% 5,627 2,081 37.0%
Ontario 118,452 34,960 29.5% 124,131 36,665 29.5% 125,750 36,181 28.8%
Manitoba 5,131 792 15.4% 5,136 835 16.3% 5,127 796 15.5%
Saskatchewan 5,204 857 16.5% 4,908 837 17.1% 5,046 876 17.4%
Alberta 23,429 4,675 20.0% 23,445 4,964 21.2% 23,731 5,926 25.0%
British Columbia 27,932 7,548 27.0% 27,711 7,507 27.1% 26,864 7,086 26.4%
Yukon 99 19 19.2% 99 15 15.2% 87 17 19.5%
Total 198,613 54,727 27.6% 203,732 56,660 27.8% 203,909 56,620 27.8%

Note: The total is greater than the sum for the jurisdictions because the provincial indicator was missing for a small number of borrowers.

5. Canada Student Loans forgiveness

5.1 Doctors and nurses loan forgiveness

5.1.1 Number of recipients and value of amount forgiven for doctors and nurses loans by profession and by fiscal year
Profession 2013 to 2014 2014 to 2015 2015 to 2016
Number of recipients Amount forgiven ($ thousand) Number of recipients Amount forgiven ($ thousand) Number of recipients Amount forgiven  ($ thousand)
Family Doctor 45 348.4 97 757.5 154 1,147.1
Family Medicine Resident 89 706.0 222 1,738.4 340 2,647.3
Licensed Practical Nurse 298 1,161.8 479 1,813.4 647 2,314.3
Registered Practical Nurse 142 547.3 255 952.6 348 1,283.1
Registered Psychiatric Nurse 51 204.0 86 338.4 109 418.9
Nurse Practitioner 11 44.0 22 83.3 25 89.1
Registered Nurse 1,099 4,314.7 1,836 7,106.1 2,376 9,102.4
Total 1,735 7,326.2 2,997 12,789.8 3,999 17,002.1

Note: The Loan Forgiveness for Doctors and Nurses program started in April 2013 and it applies only to the federal portion of a student loan.

5.1.2 Number of recipients and value of amount forgiven for doctor and nurses loans by province/territory of work by fiscal year
Province/Territory of Work 2013 to 2014 2014 to 2015 2015 to 2016
Number of recipients Amount forgiven ($ thousand) Number of recipients Amount forgiven ($ thousand) Number of recipients Amount forgiven ($ thousand)
Newfoundland and Labrador 103 471.9 159 776.4 204 943.5
Prince Edward Island 38 164.9 61 269.2 83 349.9
Nova Scotia 161 682.7 302 1,252.7 455 1,946.7
New Brunswick 109 478.9 152 633.9 188 746.9
Quebec No data No data No data No data No data No data
Ontario 350 1,436.5 678 2,894.6 951 4,152.2
Manitoba 75 326.5 130 570.1 174 753.4
Saskatchewan 151 680.6 241 1,061.6 284 1,174.9
Alberta 249 1,044.6 472 1,971.1 638 2,705.6
British Columbia 439 1,798.3 709 2,962.9 905 3,718.3
Yukon No data No data No data No data No data No data
Northwest Territories and Nunavut 38 152.7 54 239.3 70 320.9
Total 1,735 7,326.2 2,997 12,789.8 3,999 17,002.1

Notes:

  • For the cells containing "No data": Cells are suppressed to prevent statistical disclosure of number of borrowers less than 10
  • Eligibility for the Loan Forgiveness for Doctors and Nurses program is based on the borrower's location of work, which can be different from where they live or where they borrowed their loans. This table presents the distribution of the location of work by province or territory.
5.2 Number of severe permanent disability benefit recipients by loan year
Loan Year Number of Recipients Total Value of Loans Forgiven ($ thousand) Average Value of Loans Forgiven ($ dollar)
2011 to 2012 418 6,422 15,363
2012 to 2013 494 8,047 16,290
2013 to 2014 550 8,150 15,093
2014 to 2015 545 8,007 14,691
2015 to 2016 706 11,667 16,526

Note: This data represents all loans balances at the beginning of the assessment process by CSLP for the purposes of the Severe Permanent Disability Benefit. It includes the federal portion for all loan types and the federal & provincial portion for Direct Integrated provinces that are aligned for the Severe Permanent Disability Benefit.

6. Three-year default rates for direct loans

6.1 Three-year default rates for direct loans by jurisdiction
Province / territory 2010 to 2011 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015
Newfoundland and Labrador 14% 10% 10% 9% 10%
Prince Edward Island 15% 13% 13% 10% 9%
Nova Scotia 14% 13% 13% 11% 11%
New Brunswick 15% 14% 13% 10% 10%
Ontario 15% 13% 12% 11% 10%
Manitoba 13% 13% 12% 11% 10%
Saskatchewan 12% 11% 11% 10% 11%
Alberta 14% 13% 12% 11% 11%
British Columbia 14% 13% 11% 10% 9%
Yukon 12% not applicable not applicable 11% 7%
Overall 14% 13% 12% 11% 10%
6.2 Three-year default rates for direct loans by institution type
Institution Type 2010 to 2011 2011 to 2012 2012 to 2013 2013 to 2014 2014 to 2015
University 10% 9% 8% 7% 6%
College 17% 16% 14% 13% 12%
Private Institution 26% 24% 22% 21% 19%
Overall 14% 13% 12% 11% 10%
6.3 Three-year default rates for direct loans by province/territory and institution type (2014 to 2015)
Province / territory Institution Type
University College Private Institution
Newfoundland and Labrador 4% 11% 20%
Prince Edward Island 7% 11% 16%
Nova Scotia 8% 13% 19%
New Brunswick 7% 13% 15%
Ontario 6% 13% 20%
Manitoba 7% 10% 15%
Saskatchewan 8% 12% 22%
Alberta 4% 8% 26%
British Columbia 6% 9% 14%
Yukon not applicable not applicable not applicable
Overall 6% 12% 19%

Note: Figures are based on borrowers who entered repayment in 2014 to 2015.

7. Canada Student Loan portfolio

7.1 Canada Student Loan portfolio by loan regime at the end of fiscal year ($ million)
Loan regime 2012 2013 2014 2015 2016
Guaranteed Loans In Study 2.3 1.6 1.4 1.1 0.8
In Repayment 22.2 15.4 10.1 6.8 4.7
Total Guaranteed Loans 24.6 17.0 11.5 7.8 5.5
Risk Shared Loans In Study 30.4 19.4 13.0 9.3 5.8
In Repayment 1,476.5 1,310.4 1,180.0 1,076.9 961.1
Total Risk Shared Loans 1,506.9 1,329.9 1,193.0 1,086.3 966.9
Direct Loans In Study 5,894.1 6,272.3 6,649.8 6,877.7 6,999.5
In Repayment 6,803.4 7,363.7 7,845.7 8,445.7 9,012.1
Total Direct Loans 12,697.5 13,636.0 14,495.5 15,323.4 16,011.6
Total In Study 5,926.9 6,293.3 6,664.2 6,888.2 7,006.2
In Repayment 8,302.1 8,689.5 9,035.8 9,529.4 9,977.9
Total Portfolio 14,229.0 14,982.8 15,699.9 16,417.5 16,984.1

Note: Figures are as of March 31 each year.

7.2 Number of direct loan borrowers and amount of direct loan portfolio by loan status at the end of loan year
Loan status 2012 2013 2014 2015 2016
Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million) Number of borrowers Value of loans ($ million)
In study 481,111 5,575.8 502,141 5,923.7 517,187 6,251.7 519,004 6,473.4 519,627 6,589.3
In repayment Current 510,610 4,380.2 520,147 4,534.0 547,437 4,852.8 554,955 5,022.7 572,788 5,352.1
RAP 94,424 1,613.8 118,250 1,972.9 133,504 2,258.0 159,336 2,700.1 171,855 2,945.8
Delinquency 64,438 674.6 67,538 695.7 62,538 665.2 59,301 638.1 62,179 683.3
Total in repayment 669,472 6,668.6 705,935 7,202.6 743,479 7,776.1 773,592 8,360.9 806,822 8,981.3
Total portfolio 1,150,583 12,244.4 1,208,076 13,126.3 1,260,666 14,027.7 1,292,596 14,834.3 1,326,449 15,570.6

8. Canada Apprentice Loan

8.1 Number of borrowers and value of loans by jurisdiction
Province / territory 2014 to 2015 2015 to 2016
Number of borrowers Value of loans ($ thousand) Number of borrowers Value of loans ($ thousand)
Newfoundland and Labrador 126 492 264 1,130
Prince Edward Island 22 86 70 291
Nova Scotia 261 1,046 515 2,293
New Brunswick 332 1,305 485 1,927
Ontario 1,202 4,808 2,065 8,471
Manitoba 440 1,704 1,035 4,144
Saskatchewan 435 1,685 1,105 4,331
Alberta 3,597  14,290 7,998 34,027
British Columbia 1,652 6,763 2,840 12,533
Yukon 14 64 25 104
Northwest Territories No data No data No data No data
Nunavut No data No data No data No data
Total 8,095 32,297 16,429 69,353

Notes:

  • Note on the cells containing "No data": Cells are suppressed to prevent statistical disclosure of number of borrowers less than 10
  • The Canada Apprentice Loan program came into effect on January 1st, 2015 and this program is calculated by the loan year. The 2014-15 loan year reports on the period from January 1st, 2015 to July 31st, 2015

9. Historical Data: Canada Student Loans disbursement

9.1 Number of full-time student borrowers by jurisdiction since 1964
Loan Year Canada Newfoundland and Labrador Prince Edward Island Nova Scotia New Brunswick Ontario Manitoba Saskatchewan Alberta British Columbia Yukon
1964 to 1965 42,113 737 437 2,513 2,027 21,920 2,272 2,992 4,519 4,675 12
1965 to 1966 53,702 1,392 1,100 3,943 3,170 21,368 3,523 4,965 6,439 7,770 22
1966 to 1967 67,401 1,488 881 5,029 3,939 27,640 4,183 6,210 8,245 9,753 21
1967 to 1968 94,758 1,980 969 6,387 5,766 45,225 4,694 7,726 10,716 11,270 14
1968 to 1969 103,735 2,176 958 6,640 6,178 52,165 4,694 8,015 12,878 10,000 22
1969 to 1970 128,070 5,051 1,242 9,248 7,613 62,761 5,584 10,203 17,565 8,768 22
1970 to 1971 126,567 5,371 1,630 9,155 7,605 60,523 4,597 9,757 19,308 8,585 27
1971 to 1972 133,501 7,903 2,000 9,897 8,504 63,549 5,430 10,012 17,286 8,869 35
1972 to 1973 132,012 7,553 1,869 9,966 8,440 66,390 5,710 9,361 15,462 7,208 22
1973 to 1974 137,150 7,933 1,649 9,243 8,524 69,510 6,155 8,205 15,577 10,289 30
1974 to 1975 151,349 7,828 1,560 9,579 7,653 79,340 7,267 6,901 14,703 16,421 42
1975 to 1976 144,893 4,529 1,494 9,505 6,591 80,708 7,527 5,317 12,761 16,318 72
1976 to 1977 140,870 4,795 1,395 9,201 6,210 77,823 7,052 4,886 13,283 16,103 75
1977 to 1978 114,827 4,583 1,281 8,111 6,135 56,063 5,569 5,334 12,568 15,031 90
1978 to 1979 122,438 4,106 1,207 7,577 6,121 66,313 4,613 5,322 12,177 14,870 78
1979 to 1980 118,374 4,390 1,143 7,720 6,067 63,412 4,181 4,637 12,139 14,544 91
1980 to 1981 128,362 4,906 1,228 7,955 6,404 70,963 4,224 4,933 13,476 14,130 86
1981 to 1982 138,539 5,432 1,442 8,962 6,981 74,537 5,390 5,211 15,530 14,886 120
1982 to 1983 172,506 7,829 1,688 10,179 8,777 93,874 7,237 6,400 16,051 20,339 122
1983 to 1984 196,154 7,183 1,873 11,403 9,911 104,451 8,439 7,819 25,589 19,332 146
1984 to 1985 207,184 8,240 1,992 12,378 10,275 105,028 9,722 8,083 33,331 17,936 192
1985 to 1986 217,746 10,333 2,143 12,829 11,219 101,713 10,842 9,234 38,438 20,794 188
1986 to 1987 234,164 11,843 2,272 13,547 11,241 101,332 11,329 14,032 45,256 23,095 201
1987 to 1988 222,370 10,840 2,294 13,000 11,445 91,995 12,013 14,596 39,568 26,413 190
1988 to 1989 203,047 10,303 2,070 12,779 10,917 83,868 11,596 14,360 35,698 21,247 209
1989 to 1990 215,034 10,588 2,484 13,361 11,707 87,999 10,752 14,961 36,637 26,379 166
1990 to 1991 240,543 12,960 2,451 14,957 13,040 100,623 11,801 15,306 37,193 31,911 301
1991 to 1992 268,305 12,132 2,399 14,674 13,472 128,270 11,707 15,480 35,513 34,292 366
1992 to 1993 281,312 11,740 2,211 13,905 13,427 139,299 12,066 16,280 36,649 35,350 385
1993 to 1994 304,942 11,936 2,132 14,165 12,775 162,794 10,305 15,479 38,305 36,685 366
1994 to 1995 315,670 12,478 2,065 13,430 10,422 180,644 9,629 14,663 32,656 39,397 286
1995 to 1996 324,165 15,236 2,107 14,608 9,455 178,771 9,199 13,705 37,439 43,361 284
1996 to 1997 343,224 18,717 2,169 16,201 13,437 185,297 9,208 12,951 38,900 46,103 241
1997 to 1998 350,774 18,796 2,312 16,748 14,127 188,108 9,488 13,051 36,973 50,904 267
1998 to 1999 336,342 17,645 2,650 17,463 14,448 177,451 9,957 13,865 36,141 46,493 229
1999 to 2000 335,103 14,842 2,306 16,553 13,782 169,990 10,558 15,203 39,683 51,918 268
2000 to 2001 343,588 15,953 3,047 16,903 15,708 158,256 10,860 16,358 43,294 62,953 256
2001 to 2002 328,674 13,912 3,068 17,234 15,614 145,287 10,267 16,246 42,323 64,467 256
2002 to 2003 328,991 12,554 3,238 16,945 15,439 148,195 9,930 15,392 42,052 64,993 253
2003 to 2004 340,203 11,541 3,385 16,697 15,902 159,684 9,649 15,163 42,501 65,425 256
2004 to 2005 337,256 10,395 3,280 16,044 15,434 167,354 9,180 14,132 41,422 59,764 251
2005 to 2006 343,638 9,640 3,239 15,895 15,918 182,016 9,305 13,245 37,844 56,306 230
2006 to 2007 343,261 8,887 3,206 15,477 15,676 192,875 8,496 12,346 33,779 52,298 221
2007 to 2008 352,708 8,570 3,297 15,137 15,446 207,694 8,212 11,000 33,183 49,966 203
2008 to 2009 365,363 7,646 3,286 15,158 14,943 219,632 7,871 9,688 35,356 51,570 213
2009 to 2010 401,734 7,382 3,286 14,631 14,727 243,515 8,213 9,708 42,006 58,066 200
2010 to 2011 424,575 6,950 3,326 14,835 14,604 256,692 8,823 11,038 47,503 60,593 211
2011 to 2012 446,582 6,635 3,307 15,351 14,586 273,614 9,410 11,510 49,882 62,087 200
2012 to 2013 472,167 6,354 3,280 15,790 13,619 302,355 9,858 11,469 49,114 60,158 170
2013 to 2014 491,444 6,081 3,115 16,637 12,859 323,200 9,829 11,202 49,309 59,058 154
2014 to 2015 488,781 5,826 2,900 16,311 12,059 323,232 9,631 11,199 50,885 56,574 164
2015-2016 489,935 6,102 2,663 16,313 11,500 322,386 10,052 11,642 55,900 53,207 170

Note: The total number in Canada between 1964 and 1988 also included borrowers from Northwest Territories, which participated in the CSLP during that period.

9.2 Value of loans for full-time student borrowers by jurisdiction since 1964 ($ million)
Loan Year Canada Newfoundland and Labrador Prince Edward Island Nova Scotia New Brunswick Ontario Manitoba Saskatchewan Alberta British Columbia Yukon
1964 to 1965 26.7 0.5 0.3 1.8 1.4 14.4 1.4 1.9 2.1 3.1 0.01
1965 to 1966 34.6 0.9 0.4 2.9 2.3 14.6 2.2 3.4 3.1 4.8 0.02
1966 to 1967 40.5 0.8 0.6 3.3 3.0 14.4 2.8 4.5 4.4 6.6 0.02
1967 to 1968 57.3 1.1 0.7 4.3 4.2 23.6 3.2 5.8 6.3 8.0 0.01
1968 to 1969 63.9 1.5 0.8 5.1 4.8 26.6 3.4 6.4 8.1 7.3 0.02
1969 to 1970 78.1 3.1 0.9 7.0 5.4 31.8 4.3 8.4 10.5 6.6 0.02
1970 to 1971 86.1 4.9 1.4 7.9 6.5 32.3 3.4 8.5 14.3 6.8 0.02
1971 to 1972 87.5 5.5 1.6 8.8 6.7 33.5 4.1 7.3 13.8 6.1 0.03
1972 to 1973 102.3 6.7 2.1 10.2 7.5 45.1 3.7 6.8 14.9 5.3 0.02
1973 to 1974 108.7 5.2 1.9 10.8 6.9 50.8 4.5 6.1 15.2 7.2 0.03
1974 to 1975 121.0 4.4 1.8 11.8 7.3 60.1 5.5 5.4 14.9 9.7 0.04
1975 to 1976 148.3 4.3 2.0 13.1 8.9 74.4 6.3 5.4 18.1 15.7 0.11
1976 to 1977 160.9 4.8 2.1 12.6 7.9 80.4 10.0 5.2 18.6 19.2 0.12
1977 to 1978 134.6 4.4 1.7 10.9 8.0 57.7 8.0 7.2 17.6 19.0 0.14
1978 to 1979 147.9 4.8 1.7 10.7 8.2 70.2 6.9 7.6 18.0 19.6 0.13
1979 to 1980 142.7 4.9 1.6 11.1 8.5 65.9 6.5 6.5 17.7 19.8 0.15
1980 to 1981 162.1 5.9 1.8 11.6 9.0 80.2 6.7 7.0 19.8 19.9 0.14
1981 to 1982 199.9 7.0 2.3 13.7 10.1 99.8 9.9 7.7 25.4 23.6 0.20
1982 to 1983 280.3 10.8 2.8 18.6 15.3 144.3 13.6 10.5 30.3 34.1 0.20
1983 to 1984 454.9 13.7 4.1 30.4 21.8 224.9 25.0 18.0 67.9 48.7 0.37
1984 to 1985 526.7 22.3 4.6 34.4 24.2 247.1 30.8 18.4 95.5 48.9 0.48
1985 to 1986 576.9 29.8 5.1 35.8 31.2 239.8 35.6 24.6 114.5 60.0 0.54
1986 to 1987 621.0 35.9 5.7 39.9 33.2 231.2 37.6 39.6 126.1 71.1 0.55
1987 to 1988 612.0 33.9 5.8 39.5 34.4 200.0 40.4 47.3 120.6 89.6 0.56
1988 to 1989 551.0 31.1 5.3 39.3 32.9 183.0 39.3 47.0 108.4 64.0 0.65
1989 to 1990 599.2 32.1 6.9 40.9 35.8 201.5 36.0 48.9 112.0 84.6 0.52
1990 to 1991 665.8 36.4 6.1 43.6 39.2 238.1 38.8 48.6 114.1 100.1 0.83
1991 to 1992 797.2 34.2 6.1 44.9 41.7 351.2 38.8 52.3 112.2 114.9 0.93
1992 to 1993 846.6 35.9 6.4 42.9 42.4 395.7 35.3 56.3 117.9 113.1 0.78
1993 to 1994 986.7 38.0 6.1 42.7 44.1 511.7 35.5 50.7 127.1 129.5 1.10
1994 to 1995 1,214.6 54.1 7.5 51.2 33.0 681.9 35.5 56.3 117.2 176.9 0.90
1995 to 1996 1,340.0 74.1 8.4 51.1 29.3 741.6 35.7 54.9 140.7 202.9 1.20
1996 to 1997 1,583.9 91.5 13.4 62.8 82.5 880.8 30.6 56.1 147.6 217.5 1.20
1997 to 1998 1,567.8 86.1 11.4 62.8 79.7 856.0 37.1 57.5 133.3 243.0 1.00
1998 to 1999 1,557.2 88.8 11.9 94.7 67.6 817.3 38.2 67.3 146.9 223.4 1.02
1999 to 2000 1,549.6 70.0 10.1 90.2 61.9 780.9 44.3 72.8 170.5 247.7 1.11
2000 to 2001 1,564.7 69.5 13.5 90.7 77.6 704.5 46.9 78.2 184.2 298.6 1.20
2001 to 2002 1,507.4 61.3 16.1 92.9 77.7 643.7 44.5 79.0 181.3 309.5 1.28
2002 to 2003 1,544.7 56.2 17.0 92.5 77.9 664.6 43.4 74.5 187.3 330.0 1.27
2003 to 2004 1,643.0 52.0 17.9 92.6 82.5 734.5 44.1 76.0 200.1 342.0 1.28
2004 to 2005 1,628.8 46.5 17.3 88.8 80.0 768.9 41.5 71.3 198.9 314.4 1.24
2005 to 2006 1,935.0 49.3 21.2 107.1 88.8 971.2 48.7 80.8 215.0 351.5 1.41
2006 to 2007 1,927.1 45.7 22.6 102.6 91.4 1,034.9 44.3 74.0 189.4 320.9 1.35
2007 to 2008 2,012.5 43.9 24.6 102.1 88.2 1,146.0 43.1 66.0 190.5 306.9 1.19
2008 to 2009 2,077.8 39.7 21.7 101.7 83.2 1,210.0 41.3 58.8 204.8 315.3 1.33
2009 to 2010 2,083.2 33.3 21.0 97.5 74.3 1,208.8 36.4 56.1 216.5 338.3 1.07
2010 to 2011 2,218.9 31.1 21.2 98.5 73.2 1,285.0 40.3 65.1 252.3 351.0 1.14
2011 to 2012 2,400.7 29.9 21.1 106.1 74.1 1,420.0 44.6 66.2 275.8 361.9 1.13
2012 to 2013 2,566.4 29.9 21.3 110.5 71.7 1,603.9 47.8 66.6 269.3 344.5 0.95
2013 to 2014 2,700.7 29.0 20.3 116.7 70.4 1,735.3 47.3 66.1 274.1 340.5 0.89
2014 to 2015 2,702.2 28.0 18.8 115.1 66.4 1,736.6 46.0 68.6 285.9 335.7 0.98
2015-2016 2,698.2 28.9 17.0 113.9 63.6 1,722.7 48.0 71.0 318.3 313.8 0.98
Total 51,446.0 1,563.6 449.1 2,652.7 2,107.9 27,393.5 1,429.0 2,056.6 5,989.0 7,450.6 33.9

Note: The total value in Canada between 1964 and 1988 also included loans in Northwest Territories, which participated in the CSLP during that period.

9.3 Number of borrowers and value of loans for part-time students since 1987
Loan year Number of borrowers Value of loans ($ million)
1987 to 1988 620 0.9
1988 to 1989 320 0.5
1989 to 1990 730 1.2
1990 to 1991 803 1.4
1991 to 1992 757 1.3
1992 to 1993 1,280 2.6
1993 to 1994 1,414 3.0
1994 to 1995 2,112 5.9
1995 to 1996 1,887 5.4
1996 to 1997 1,859 5.4
1997 to 1998 3,205 7.7
1998 to 1999 3,128 7.8
1999 to 2000 1,302 3.5
2000 to 2001 2,980 5.5
2001 to 2002 2,867 4.9
2002 to 2003 2,772 4.6
2003 to 2004 2,779 4.7
2004 to 2005 2,572 4.6
2005 to 2006 2,127 3.8
2006 to 2007 1,863 3.5
2007 to 2008 1,436 2.8
2008 to 2009 1,425 2.9
2009 to 2010 2,698 4.6
2010 to 2011 3,974 7.0
2011 to 2012 6,470 11.2
2012 to 2013 9,601 16.6
2013 to 2014 11,254 19.9
2014 to 2015 12,086 20.9
2015 to 2016 13,712 24.1

10. Historical data: Grant disbursement

10.1 Number of grant recipients by jurisdiction since 2000

Canada Study GrantsFootnote 1
Loan year Canada Newfoundland and Labrador Prince Edward Island Nova Scotia New Brunswick Ontario Manitoba Saskatchewan Alberta British Columbia Yukon
2000 to 2001 55,280 1,242 343 1,389 1,174 26,375 1,037 3,609 6,441 13,636 34
2001 to 2002 48,730 977 354 1,541 1,643 23,440 1,088 2,387 6,206 11,054 40
2002 to 2003 55,625 703 425 1,598 1,383 25,259 1,317 2,727 6,443 15,732 38
2003 to 2004 53,272 1,245 295 1,703 1,701 22,107 1,428 2,236 6,977 15,528 52
2004 to 2005 53,404 588 296 1,548 1,419 24,384 1,434 3,342 6,589 13,762 42
2005 to 2006 49,500 481 308 2,280 1,311 25,833 1,482 2,754 5,574 9,442 35
2006 to 2007 47,853 559 288 1,437 1,275 26,632 1,194 2,489 4,385 9,551 43
2007 to 2008 40,402 523 363 1,343 1,539 21,787 1,079 1,955 3,999 7,785 29
2008 to 2009 42,489 482 410 1,411 1,195 23,128 1,074 1,707 4,054 8,997 31
Canada Access Grants Footnote 2
Loan year Canada Newfoundland and Labrador Prince Edward Island Nova Scotia New Brunswick Ontario Manitoba Saskatchewan Alberta British Columbia Yukon
2005 to 2006 31,882 664 11 1,760 39 21,684 718 1,120 2,026 3,848 12
2006 to 2007 39,515 1,073 363 1,842 1,881 26,674 737 1,128 1,867 3,942 8
2007 to 2008 40,279 1,034 505 1,916 1,088 28,373 748 1,042 1,935 3,632 6
2008 to 2009 41,757 816 317 1,818 415 30,855 758 920 1,780 4,065 13
Canada Student Grants
Loan year Canada Newfoundland and Labrador Prince Edward Island Nova Scotia New Brunswick Ontario Manitoba Saskatchewan Alberta British Columbia Yukon
2009 to 2010 295,114 4,823 2,305 10,184 8,592 181,270 6,272 7,270 30,696 43,542 160
2010 to 2011 318,992 4,394 2,399 10,364 8,584 194,333 6,928 8,101 36,247 47,463 179
2011 to 2012 335,405 4,215 2,323 10,616 8,448 207,364 7,757 8,661 36,573 49,284 164
2012 to 2013 356,639 4,063 2,406 10,917 8,199 226,772 7,788 8,659 37,647 50,036 152
2013 to 2014 367,586 3,879 2,370 11,321 7,919 239,781 7,922 8,374 36,559 49,336 125
2014 to 2015 365,832 3,665 2,271 11,104 7,418 240,701 7,800 8,214 37,515 47,009 135
2015 to 2016 368,940 4,038 2,177 11,169 7,009 243,772 8,116 8,524 39,544 44,463 128

10.2 Value of grants by Jurisdiction since 2000 ($ million)

Canada Study GrantsFootnote 1
Loan year Canada Newfoundland and Labrador Prince Edward Island Nova Scotia New Brunswick Ontario Manitoba Saskatchewan Alberta British Columbia Yukon
2000 to 2001 81.1 1.6 0.5 2.3 2.3 37.8 1.7 5.1 8.4 21.4 0.1
2001 to 2002 67.4 1.3 0.4 2.6 2.3 33.7 1.7 5.3 8.2 11.8 0.1
2002 to 2003 75.5 1.1 0.6 3.0 2.1 36.1 2.0 5.2 9.0 16.6 0.1
2003 to 2004 76.8 1.0 0.4 3.7 2.4 36.0 2.2 5.5 10.1 15.3 0.1
2004 to 2005 83.9 0.9 0.5 3.0 2.4 38.2 2.3 5.6 9.9 21.0 0.1
2005 to 2006 79.5 0.6 0.5 3.3 2.3 41.3 2.5 4.5 9.0 15.5 0.1
2006 to 2007 72.9 0.9 0.4 3.0 2.4 38.5 2.0 4.3 7.7 13.6 0.1
2007 to 2008 69.8 0.8 0.5 2.9 2.4 38.0 1.9 3.7 7.7 11.9 0.0
2008 to 2009 72.9 0.7 0.5 2.5 2.2 40.6 1.8 3.1 7.9 13.4 0.1
Canada Access GrantsFootnote 2
Loan year Canada Newfoundland and Labrador Prince Edward Island Nova Scotia New Brunswick Ontario Manitoba Saskatchewan Alberta British Columbia Yukon
2005 to 2006 58.9 1.0 0.0 3.9 0.1 38.6 1.2 2.4 4.0 7.7 0.02
2006 to 2007 68.8 0.9 0.7 4.0 3.8 45.4 1.1 2.3 3.6 6.9 0.02
2007 to 2008 72.0 0.9 1.1 4.0 2.3 50.0 1.2 2.2 3.9 6.6 0.01
2008 to 2009 74.7 0.8 0.7 3.7 0.8 55.0 1.2 1.9 3.6 7.0 0.03
Canada Student Grants
Loan year Canada Newfoundland and Labrador Prince Edward Island Nova Scotia New Brunswick Ontario Manitoba Saskatchewan Alberta British Columbia Yukon
2009 to 2010 593.2 8.8 4.7 21.4 16.6 354.8 16.3 18.6 65.7 85.9 0.4
2010 to 2011 623.5 7.9 4.7 21.6 16.0 370.5 16.5 18.7 75.7 91.4 0.5
2011 to 2012 642.7 7.5 4.3 21.7 15.6 386.7 16.6 19.8 74.2 95.8 0.4
2012 to 2013 693.6 7.5 4.5 22.8 15.9 431.8 17.7 20.0 76.4 96.7 0.3
2013 to 2014 715.2 7.6 4.6 23.5 16.1 457.1 17.3 18.9 73.6 96.1 0.3
2014 to 2015 717.7 7.4 4.4 23.3 15.2 463.6 16.8 19.1 76.1 91.7 0.3
2015 to 2016 719.5 8.3 4.5 23.7 14.0 464.1 17.2 19.6 80.9 87.0 0.2

Glossary

Canada Apprentice Loans (CAL):
In January 2015, the Government launched the CAL initiative. Borrowers can apply for up to $4,000 in loans per period of technical training, for up to five technical training periods. Loans are available to help pay for tuition, tools, equipment and living expenses, to cover forgone wages and to help support family during training.
Canada Student Grants:
Canada Student Grants (CSG) are non-repayable student financial assistance. In 2015-2016, CSG are available for:
  • Students from low-income families: $250 per month of study
  • Students from middle-income families: $100 per month of study
  • Low-income students with dependants: $200 per month of study for each dependant under 12 years of age (or for each dependant over 12 years of age if they have a permanent disability)
  • Part-time studies: For students from low-income families, up to $1,200 per year, depending on assessed need
  • Students with permanent disabilities: $2,000 per year for full-time or part-time students with permanent disabilities
  • Services and equipment for students with permanent disabilities: Up to $8,000 per year to cover exceptional education-related costs such as tutors, note-takers, sign interpreters, braillers and technical aids
Canada Student Loan Forgiveness for Family Doctors and Nurses:
Family doctors, residents in family medicine, nurse practitioners, and nurses that practice in under-served rural or remote communities may be eligible to have a portion of their Canada Student Loans (CSL) forgiven. Family doctors and residents in family medicine may receive up to $8,000 per year and all nurses may receive up to $4,000 per year. The program operates on a fiscal year basis (April 1st to March 31st).
Consolidation:
Borrowers consolidate their student loan(s) six months after completing their post-secondary studies (or ending full-time studies). Repayment begins once they have consolidated their loans.
Default:

A loan is deemed in default when it is in arrears for greater than 270 days under the direct lending regime. The three-year default rate is defined as the ratio of the cumulative amount of all loans deemed in default for the period covering the first year in repayment (for example, 2012 to 2013) and the subsequent two years (for example, 2013 to 2014 and 2014 to 2015) to the total amount of all loans entering repayment in that first year (for example, 2012 to 2013).

Default rate:
The CSLP measures default using a three-year cohort default rate. This rate shows the proportion of loan dollars that enter repayment in a given loan year (cohort) and default within three years. For example, the 2014 to 2015 default rate represents the proportion of loan dollars that entered repayment in 2014 to 2015 and defaulted before August 1, 2017.
Designated:
A designated post-secondary educational institution meets provincial and federal eligibility criteria, and students attending these schools can apply for government-sponsored student financial assistance, such as Canada Student Loans.
Direct loans:
As of August 2000, the Federal Government issues Canada Student Loans under the direct loans regime. Loans are directly financed by the Government and a third-party service provider administers the loan process.
Fiscal year:
April 1 to March 31.
Full-time:
A full-time student is a student enrolled in at least 60% of a full course load (or 40% for students with permanent disabilities) in a program of study of at least 12 consecutive weeks at a designated post-secondary educational institution.
Guaranteed loans:
Between 1964 and 1995, Canada Student Loans were provided by financial institutions (such as banks) under the guaranteed loans regime. If a student defaulted on a guaranteed loan, the Government paid out the bank and the student's debt was then owed directly to the Government.
Integrated province:
In integrated provinces, federal and provincial loans are combined so borrowers receive and repay one federal-provincial integrated loan. The federal and provincial governments work together to make applying for, managing and repaying loans easier. The CSLP has integration agreements with five provinces: Ontario, New Brunswick, Newfoundland and Labrador, Saskatchewan and British Columbia.
In-study:
The status of borrowers attending full-time or part-time studies at a post-secondary institution, or who have finished school less than six months ago.
In-study interest subsidy:
The Government of Canada covers the interest on Canada Student Loans while borrowers are in school (i.e. borrowers who have in-study status).
Loan year:
August 1 to July 31.
National Student Loans Service Centre (NSLSC)
The NSLSC is the main point of contact for borrowers in managing their Canada Student loans, from loan disbursement to repayment and repayment assistance. The service centre is administered by a third-party service provider. The service centre manages all Canada Student Loans issued on or after August 1, 2000, as well as integrated student loans for:
  • New Brunswick and Newfoundland and Labrador issued on or after August 1, 2000
  • Ontario and Saskatchewan issued on or after August 1, 2001; and
  • British Columbia issued on or after August 1, 2011
Part-time:
A part-time student is a student taking between 20% and 59% of a full course load. Students with permanent disabilities may be accorded part-time status if they are taking between 20% and 39% of a full course load (and if they are taking between 40% and 59% of a full course load they can elect to be considered either as a full-time or part-time student for the purpose of the CSLP).
Participating provinces/territories:
The provinces and territories that choose to deliver financial assistance to students within the framework of the CSLP include Newfoundland and Labrador, Prince Edward Island, Nova Scotia, New Brunswick, Ontario, Manitoba, Saskatchewan, Alberta, British Columbia and Yukon.
Province/territory of residence:
A student's province or territory of residence is the province or territory where they have most recently lived for at least 12 consecutive months (not including time spent in a province or territory as a full-time student at a post-secondary institution). For example, an individual from Manitoba studying in Ontario would be considered a Manitoba student.
Post-secondary education:
Levels of education following secondary school (high school) at all designated public or private post-secondary institutions.
Repayment:
The status of borrowers who have begun repaying their Canada Student Loans. Repayment begins six months following the end of studies.
Repayment Assistance Plan (RAP):
On August 1, 2009, the RAP replaced the CSLP's previous debt management programs (Interest Relief and Debt Reduction in Repayment). RAP is a temporary repayment assistance measure where a borrower repays an affordable monthly amount (or none) based on family income, family size and outstanding loan balance. RAP ensures that the repayment period will not exceed 15 years (or 10 years for a borrower with a permanent disability). Under RAP, eligible borrowers receive assistance for periods of six months and can reapply as long as they remain eligible.
Repayment Assistance Plan for Borrowers with a Permanent Disability (RAP-PD):
RAP-PD is similar to RAP in that it is designed to assist borrowers experiencing difficulty meeting their repayment obligations. RAP-PD provides repayment assistance that is accelerated and that considers the additional living costs faced by people with permanent disabilities. Those who are approved RAP-PD can obtain the following benefits:
  • RAP-PD borrowers proceed directly to Stage 2 whereby the government covers the principal and interest not covered by the borrower's monthly RAP payments
  • Eligible RAP-PD borrowers are allowed to claim disability-related expenses, which are taken into consideration when the RAP-PD application is assessed
Repayment Assistance Plan (RAP) First Year Uptake Rate:
The first year RAP uptake rate is defined as the ratio of the number of borrowers who entered repayment and used RAP in the same year to the total number of borrowers who entered repayment during the year.
Repayment Assistance Plan (RAP) payment outcomes:
Based on the RAP calculation, there are three possible scenarios or outcomes for the duration of each six-month RAP or RAP-PD term:
  • Zero Payment: The borrower is approved for RAP or RAP-PD and is not required to make any monthly payments
  • Affordable Payment: The borrower is approved for a reduced monthly loan payment (greater than Zero Payment); or
  • The borrower is not approved for RAP or RAP-PD
Repayment Assistance Plan (RAP) Stages:
  • RAP Stage 1: Stage 1 signifies that the borrower is in a stage where the Government of Canada and the relevant provincial government pay the interest owing that the borrower's payment does not cover. This stage can last up to 10 six-month periods or 60 months during the 10-year period after a borrower leaves school
  • RAP Stage 2: Stage 2 starts once the borrower completes Stage 1. During this stage, if the borrower continues to experience difficulty in meeting their repayment obligations, the Government will cover both the principal and interest that exceeds the borrower's reduced monthly payments
Risk-shared loans:
Between 1995 and 2000, Canada Student Loans were provided by financial institutions (such as banks) under the risk-shared loans regime. Under this regime, financial institutions assumed responsibility for a portion of the possible risk of defaulted loans in return for a payment from the Government.
Severe Permanent Disability Benefit:
In certain cases, some borrowers may be eligible for loan cancellation. The Severe Permanent Disability Benefit makes it possible to cancel the repayment obligations of borrowers whose permanent disability prevents them from studying at a post-secondary level and taking part in the labour force and is expected to remain with them for life.
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