4.4.7 Summary of key messages

From: Financial Consumer Agency of Canada

  • The federal, provincial and territorial governments have a variety of student loan and grant programs.
  • A student loan is a debt and must be repaid in full and on time.
  • Student loans are considered "good debt" because they can help you increase your earning power and achieve your life goals.
  • Student loans sometimes charge lower interest rates than other loans, and they do not have to be repaid until six months after you complete your studies or leave school.

At the end of the module, you will find an Action plan. This is a tool that you can use to track your progress and take the next steps to manage credit successfully in the future. Use the action plan as a roadmap for financial action!

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