Canada Student Loan Repayment Rates
More Information on Repayment Rates
The data is based on borrowers in full-time studies who consolidatedFootnote 1 their Canada Student Loans in a given year.
Quebec, Nunavut and the Northwest Territories operate their own student financial assistance programs; therefore, the institutions that fall under these jurisdictions have not been included.
Only post-secondary educational institutions with more than 10 borrowers in a given year have been included, and the number of borrowers is listed.
The repayment rate information is planned to be updated annually.
How was the repayment rate calculated?
Repayment rate = [1 - (Total value of loans in delinquency and loans in default / Total loans value)] × 100
"Loans in delinquency" represents the outstanding amount of federal student loans owed by borrowers per institution who are one or more payments behind but not in default.
"Loans in default" represents the outstanding amount of federal student loans owed by borrowers per institution who are behind in payments for at least nine months and collection activities are required.
"Loans value" represents the total consolidated federal student loans owed by borrowers per designated institution. Amounts have been rounded to the nearest dollar.
| Educational Institution Name | Repayment Rate | Number of Borrowers | Total Loan Dollar Value |
|---|---|---|---|
| A College | 73% | 144 | $727,890 |
| B University | 82% | 7650 | $1,234,567 |