The provincial government is following through on its commitment to eliminate interest on the provincial portion of New Brunswick student loans as of Nov. 1. Interest accrued before this date remains payable.

A borrower repaying a loan of $15,000 over 10 years will save about $4,500. These estimates are based on the latest interest rates set by the Bank of Canada.

There are several supports and services to help students with the costs of their post-secondary studies. These include federal and provincial grants, bursaries, loans and the Repayment Assistance Program.

Students in need of financial support can find more information on the provincial government’s website. With one application, they will be considered for all programs offered by the provincial and federal governments.