Repay a student loan - One-time payment
You can make one-time payments at any time to pay off or reduce your total balance. This is one of the fastest ways to pay off your debt.
Payments you make while attending school or during the six month non-repayment period will be applied directly to the principal of your loan. The one-time payments you make during the repayment period will be applied to the interest first, then on the principal of your loan. You will still have to make your regular monthly payments.
How to make a One-time payment
You can make a one-time payment even in between regularly scheduled payments from the National Student Loans Service Centre (NSLSC) website.
Log in to your NSLSC secure account to:
- Add or update your banking information; and
- Make a one-time payment using your banking information.
- Add the National Student Loans Service Centre as a payee through your online banking site
- Use your loan number as your 7-digit account number
Have the NSLSC withdraw a one-time payment from the bank account on your file or listed on the form:
- One-Time Payment form (PDF, 97 KB)
Fill out the form and mail it to:
National Student Loan Service Centre
P.O. Box 4030
Online one-time payments with HigherEdPoints.com
If you have an account with HigherEdPoints.com, a third-party program to use reward points on student loans, you can use it to make a one-time payment.
Note: This link is to a web site not under the control of Employment and Social Development Canada (ESDC). It is provided solely for your convenience. ESDC is not responsible for the accuracy, currency or the reliability of the content. ESDC does not endorse the site or its content. You should be aware that information offered by this site is not subject to the Official Languages Act. Use of HigherEdPoints.com is at your own risk.
Provincial or territorial payments
Ontario, British Columbia, Saskatchewan, New Brunswick, or Newfoundland and Labrador
You repay all your student loans through the National Student Loan Service Centre. Use the instructions on this page to make a lump-sum payment.
Alberta, Manitoba, Nova Scotia and Prince Edward Island
You have provincial and federal parts of your loan that need to be repaid separately.
Quebec, Nunavut or the Northwest Territories
You pay back your loan directly to your province or territory. Contact your provincial or territorial loan provider to arrange payments.
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