Customize Payments Overview

Customize your payment terms on your Alberta student loan and set payments that work for your current financial situation.

  • Pay your loan off faster with increased payments
  • Lower your monthly payments if you're having difficulty
  • Match your payment schedule to when you get paid

Adjust Your Payment Frequency

You can make your payments monthly or bi-weekly.

By switching to bi-weekly payments you will pay your loan off faster and pay less interest.

Choose Your Payment Term

The payment term is the length of time it will take you to repay your loan. We calculate your term in months.

If you decrease your loan term, your payment amount increases. You’ll pay your loan off faster and pay less interest.

If you increase your loan term, your payment amount decreases. You’ll take longer to repay your loan and you’ll pay more interest.