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Correct! - Question #4

4After you have been awarded a loan, and your loan was issued after August 1, 2000, _____________________.

• you deal with the National Student Loans Service Centre (NSLSC)
• you deal with the financial institution holding your loan
• you deal with both the NSLSC and the financial institution
• you deal with the Student Financial Assistance Branch

The government of Canada began directly financing Canada Student Loans in August 2000. This means you no longer need to go to a financial institution to negotiate a Canada Student Loan.

The National Student Loans Service Centre (NSLSC) manages all Canada Student Loans issued on or after August 1, 2000. Your loan is funded by the Government of Canada and administered through the NSLSC. When it comes time to repay your loan, you will make payments to the NSLSC.

(Source: 2003-2004 Information Guide, page 5; 10 Important Steps Brochure, Section 5)