How the elimination of interest on federal student loans could give graduates a boost

Post-secondary students and graduates can expect some financial relief starting next spring after Ottawa said it will permanently eliminate interest on federal student loans earlier this month.

"I avoid looking at my student loan account for my own well-being most of the time," said Nisar, who is a master's student at Toronto Metropolitan University.

While loan payments won't begin until after she graduates, she is preparing for when that time comes.

"I'm currently planning by trying to save as much as I can and putting money aside for the purpose of paying my loans," said Nisar, who also has an undergraduate degree from the University of Guelph.