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Government Refuses to stop using "Grace Period"

Printed From: CanadaStudentDebt.ca
Category: News, Announcements and Alerts
Forum Name: News, Announcements and Alerts
Forum Description: Recent news stories and Announcements
URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=5261
Printed Date: 27/March/2026 at 2:17am
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Topic: Government Refuses to stop using "Grace Period"
Posted By: administrator
Subject: Government Refuses to stop using "Grace Period"
Date Posted: 02/April/2009 at 5:22am

I wrote to HRSDC advising them that they should not use the term grace period with regards to the six months after graduation in which you dont have to make payments but interest accrues.

This term causes lots of confusion because until recently the Canlearn website DID NOT state that interest accrued unless you burroughed through the details. They've now corrected that, but politicians still spew "we have a 6 month grace period"
 
Its not grace period.  You are charged interest.  It is a 'Payment Deferral Period"
 
We'll see where we can go next with this complaint. 
 
 


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Administrator
Mark OMeara
Author of Let Go and Heal: Recovery from Emotional Pain
https://LaughSingWrite.com - http://bit.ly/heal2024


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