Interest Rates for Canada Student Loans

The interest rate is multiplied by the outstanding principal on your student loan to calculate your interest payments.

The conditions of repayment for your Canada Student Loan are set at the time you enter repayment.

You can select a fixed interest rate or floating (variable) interest rate when it comes time to begin repaying your student loan.

As of October 2009, the interest rate was 4.75% for the floating rate and 7.25% for the fixed rate.

For Canada Student Loans issued on, or after August 1, 1995:

* the fixed interest rate is prime + 5% and;
* the floating rate is prime + 2.5%.

For Canada Student Loans issued prior to August 1, 1995: the annual interest rate is 3.265%.

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Interest Rates for Canada Student Loans

Jimmy Johnson Joins 'Survivor: Nicaragua' Cast

NFL sports analyst and former coach Jimmy Johnson will compete in this season's Nicaraguan version of the hit TV show, "Survivor."

A fan of the "Survivor" franchise, Jimmy applied to be a cast member three years ago. After being denied because of two blocked arteries, the former Dallas Cowboys coach had heart surgery, dropped 30 pounds, and lowered his cholesterol level. Jimmy's health improvements didn't go unnoticed -- the network decided to give Jimmy a chance!

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Jimmy Johnson