I graduated from university in April 2013 and was told that my 12 month payment free period would be over in November. I tried arguing many times that I graduated in April and not November as their records indicated and was told to apply for the repayment assistance program, but that they wouldn’t change the […]
Student Loans and Bankruptcy in Canada
Current legislation on student loans in bankruptcy and proposed law changes
Does this sound like you?
- Huge student loan debt.
- Interest building up faster than you can repay.
- Considering bankruptcy to get a fresh start.
Under current law, Canadian student loan debt can be discharged in a bankruptcy, under the condition that at least ten years has passed since the individual ceased to be a full-time student. However, the new proposed rules may lower that limit.
To find answers to your more specific questions about student loans in bankruptcy:
- Read the latest expert responses to anonymous questions on student loans below.
- Search our blog archive for "student loan" (and for other related keywords):
Read our articles about student loans in bankruptcy:
- What happens to my student loans if I file for bankruptcy in Canada
- What can I do if I can’t repay my student loans
- What are the advantages and disadvantages of student loan debt consolidation
To ask a question about Canadian student loans in bankruptcy:
- Post an anonymous question about student loans to our blog.
- Email your question to a bankruptcy trustee in your area, who will be glad to respond to your individual situation.
You can also contact a trustee for a consultation: your first meeting will be free of charge or obligation, and will deal exclusively with your personal circumstances.
For questions on student loan debt and related topics, trust the experts at Bankruptcy Canada!
The latest questions on Student Loans in Bankruptcy, with our experts' responses:
Hello I graduated in 2008 and was filling out the Edulinx form b for interest relief every 6 months, then, through a clerical mistake and nightmare in 2011 I was not eligible as they said they did not receive my forms—I have copies of everything being faxed, but finally gave up trying to solve the […]
Am I responsible for my spouses student loans? My husband has student loans from before we met. He is currently unemployed due to health issues and I am the bread winner. Am I responsible for his student loans? They are saying we have to fill out a statement of income, do I have to? Posted […]
I was 7 years past the last date of being in university in April 2013, with outstanding student loans. I returned for one term to complete my degree for employment purposes and got this term paid for through a scholarship. If I was to claim bankruptcy with outstanding student loan debt, what date would be […]
My sister has accrued student loans from Ontario and BC in the amount of $50,000. She has stopped being a student for close to 10 years. She has no income (does not have a job and lives with our parnents) and no assests. The only debt she has is the student loan. I understand that […]
I finished my schooling June 2006. I have a $30,000 loan debt. I filed for bankruptcy in January of 2011 and was discharged after 9-months in October. The student loan was NOT included as a unsecured debt which means it survived bankruptcy. The BIA states that if after 7 years from when the student ceases […]
The last year I received a Student Loan was 2006. I paid my own way for one semester from January until April of 2007. Is my final date for Student loan 2006 or do they count my last semester even though I did not have a student loan then? Posted from: Nova Scotia
i live in Canada and have american student loans. they are very large. I don’t think I can pay them without going bankrupt what can I do? Posted from: Ontario
I read on this site that banks want at least a third repayment. Do the student loans people have a similar stance? Eg. When they are the only creditor do they want all, or just the original principle amount. Thanks Posted from: Ontario
one week before my bankruptcy i paid $15000 to my sons bank student loan ( i was cosigner for that loan) my bankruptcy trustees get the money back from bank layer ( because the loan was in dispute ie in court) is it legal to do so by trustees. Posted from: Ontario