Managing Your Student Loan Repayment with NSLSC: A Comprehensive Guide (Full Transcript)

Speaker 1: Throughout your student loan experience, the National Student Loans Service Center is here to support you. As you enter repayment, we understand that the idea of repaying your student loan can feel overwhelming. Wherever you find yourself, the NSLSC has options and tools to help you manage your student loan payments and keep your financial future on track. Let's get started. First, log in to your secure NSLSC account to see your loan details. In many cases, your account reflects both the federal and provincial portions of your loan. If you have a loan with any of these provinces, you'll have to log in to the provincial loan website to view and repay that portion. Second, get to know your monthly payment amount and due date. If you're still feeling overwhelmed, you can learn about your repayment options using the Virtual Repayment Counselor. Complete a short questionnaire to find a payment plan that fits your budget. Then, customize your payment amount or apply for the Repayment Assistance Plan to reduce or eliminate your payments and keep your loan in good standing. Third, confirm your payment method. Setting up pre-authorized debit is the easiest way to ensure your payments are always made on time. You can also make payments by logging in to your NSLSC account or by adding NSLSC as a payee through your online banking portal and using your loan number as the bill number. Fourth, take advantage of the budgeting tips and tools that are available to help you reach your financial goals. Last but not least, ensure your contact information is correct. We'll be in touch throughout your loan repayment period with important information and helpful tips. No matter where your journey takes you, we're here to help you take charge of your financial future. To get support and learn more, visit nslsc.ca.