Tammy has a Canada Student Loan. She is studying full-time at university and will complete her studies this year. All of the following statements are true, EXCEPT:

Tammy must complete a Consolidated Student Loan Agreement with her lender within one month of finishing her studies.

Tammy must start repayment on the principal of her loan no later than the last day of the seventh month after she ceases to be a student.

When Tammy completes her studies, she will have to start paying interest on her loan and she may be able to negotiate the rate of interest with her lender.

Tammy does not have to pay any interest on her loan while she is studying full-time.