Nova Scotia Simplifies Student Loan Repayment with Automatic Interest-Free Support

Nova Scotia graduates will no longer need to reapply each year to keep their provincial student loans interest-free, following a new change aimed at reducing paperwork and improving access to support.

The PC government has streamlined its zero per cent interest program so that all new graduates who qualify will automatically continue receiving the benefit throughout their repayment period. The update removes the previous requirement for borrowers to submit annual applications to confirm eligibility.

“Graduates should be able to focus on the new, exciting stage they are starting – not worrying about whether they have filled out the paperwork to keep loan repayment affordable,” said Brendan Maguire, Minister of Advanced Education. “By removing the need to reapply each year, we’re making the zero per cent interest program simpler and more reliable for the Nova Scotians who depend on it.”

The program is designed to support graduates who choose to stay in Nova Scotia after completing their studies. Until now, participants were required to reapply annually to verify they still met the criteria, creating an added administrative step that could interrupt support if missed.

With the new approach, eligible borrowers will experience uninterrupted access to interest-free repayment, helping them stay focused on paying down their loans. The Province has already notified individuals currently repaying provincial student loans of the change via email.

Officials say the update is part of a broader effort to cut red tape and improve service delivery across government programs, making it easier for Nova Scotians to access the support they need.