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Student Loans and Bankruptcy in Canada

Current legislation on student loans in bankruptcy and proposed law changes

New Bankruptcy Laws Came into Effect on July 8, 2008

Does this sound like you?

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 our articles about student loans in bankruptcy:

To ask a question about Canadian student loans in bankruptcy:

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

I received osap for college in 1994(?) and did not graduate in 96 as I gave birth. Since then I haven’t paid anything. I am currently on ODSP for Crohn’s disease and am a volunteer community advocate. I’m wondering if these loans ever ‘go away’; how I inquire about them without getting them after me […]

Filed under: Student Loans
Posted on Tuesday, September 9, 2014
box listanswered by Jillian Taylor-Mancusi, Trustee | B.A. | C.I.R.P @ 2:59 pm 1 Comment

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 […]

Filed under: Student Loans
Posted on Thursday, July 31, 2014
box listanswered by Questions @ 9:24 am 1 Comment

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 […]

Filed under: Student Loans
Posted on Monday, June 2, 2014
box listanswered by Desmond West-Chow, CIRP @ 3:42 pm 1 Comment

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 […]

Filed under: Student Loans
Posted on Monday, June 2, 2014
box listanswered by Desmond West-Chow, CIRP @ 3:37 pm 1 Comment

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 […]

Filed under: Student Loans
Posted on Wednesday, January 8, 2014
box listanswered by Questions @ 10:08 am 1 Comment

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 […]

Filed under: Student Loans
Posted on Thursday, November 21, 2013
box listanswered by Questions @ 9:03 pm 1 Comment

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 […]

Filed under: Student Loans
Posted on Thursday, September 19, 2013
box listanswered by Questions @ 5:52 am 1 Comment

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

Filed under: Student Loans
Posted on Wednesday, July 3, 2013
box listanswered by Questions @ 3:48 pm 1 Comment

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

Filed under: Student Loans
Posted on Friday, June 28, 2013
box listanswered by Questions @ 2:10 pm 1 Comment

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

Filed under: Student Loans
Posted on Monday, May 6, 2013
box listanswered by Questions @ 12:00 pm 1 Comment