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Correct! - Question #3

4If I make a Canada Student Loan payment while still in school full-time,  ___________________________.

• you will then need to start paying interest on your loan as well
• you relinquish the right to apply for Interest Relief
• the amount will be applied directly to the principal of the loan
• you lose full-time student status, and need to make regular payments 

You do not have to make payments on Your Canada Student Loans while you are in full-time studies. Any payments you choose to make on your loan at this time will be applied directly to the principal.

(Source: 2003-2004 Information Guide, page 12)