Canada Student Loan Repayment Rates

2020 Data Notes

  1. Data set only includes information on Canada Student Loans. Information about provincial student loans is not included.

  2. Only educational institutions designated by the province/territory (see Master Designation List) and located in Canada as of January 2021 are included.

  3. Provinces/territories that participate in the Canada Student Loans Program (CSLP) include: British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, and Yukon Territory. Quebec, Northwest Territories, and Nunavut do not participate in the CSLP and, therefore, educational institutions in these provinces/territories are not included.

  4. Institutions having zero loan dollars were not included.

  5. Only designated educational institutions with more than ten borrowers have been included for privacy purposes.

  6. The table has been sorted alphabetically by educational institution name.

  7. To differentiate between campuses, the campus name or its location is included in brackets where applicable.

  8. Data set is based on full-time borrowers who consolidated their loans within a one-year time frame, between August 1, 2018 to July 31, 2019. A borrower's loan is consolidated six months after their last day of study.

  9. "Total Loan Dollar Value" represents the total dollar amount of loans consolidated in a given year (between August 1, 2018 to July 31, 2019) where amounts have been rounded to the nearest dollar. "Total Loan Dollar Value" is linked proportionately to the educational institution(s) attended by borrowers when they received loan(s).

  10. The repayment rate is the percentage of the "Total Loan Dollar Value" not in delinquency or in default at a single point in time (July 31, 2020). Loans in delinquency refers to the dollars still owed by borrowers who are behind in their loan repayment by one or more payments 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. The following formula is used to calculate repayment rates for each designated educational institution:

    Repayment Rate = [1 - (Total Loan Dollars in Delinquency and loans in default / Total Loan Dollar Value)] x 100

  11. Borrowers who attended multiple educational institutions are captured in the "Number of Borrowers" column for each of those educational institutions attended.

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