Applications-of-Simple-Interest-Canada-student-loa.ppt
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1、Chapter 7 Applications of Simple Interest7.5 Canada student loans 1Federal governments Canada Student Loan Program(CSLP)1,no interest is charged on Canada Student Loan as long as you retain student status under the CSLP;2,six month after you cease to be a student,you begin to make monthly loan payme
2、nt.The six month is called grace period.You can pay interest for the grace period at the end of grace period or convert it to principal.And interest rate will be prime+2.5%.23,before the end of the grace period,you consolidate all Canada Student Loan into a single loan.The first payment of the singl
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