Canada Student Loans Act

Marginal note:Interest payable by Minister

• 6 (1) The Minister shall pay to a lender, in respect of each guaranteed student loan made by that lender to a full-time student, interest at the prescribed rate in respect of any period or periods before April 1, 2023 described in section 4, as it read from time to time before April 1, 2023, in respect of which no interest was payable by the borrower on the loan.

• Marginal note:Idem

  (2) No interest is payable by the Minister to a lender pursuant to subsection (1) in respect of a guaranteed student loan, in respect of any period before the obligation of the borrower to that lender in respect of the loan has commenced or after that obligation has ceased.