Student Loans Articles - Archive: 2009

I finished my undergraduate degree in 2000, and then ceased to be a student for one year; in 2001 I went back to graduate school and just finished everything this year (without taking any more loans since my undergrad days). Can I get rid of my student loans by bankruptcy? And, more generally, what are [...]

What exactly constitutes being `out of school` for 7 years. Does this mean full time post graduate education in an accredited school in Canada? What about part time studies? Does studies abroad count? Posted from: Ontario

hi there, can you please provide a link with information on the five year hardship rule? i will be eligible for this in approximately one year with well over 40000$ in student loan debt and a salary of just over 30000$ but i cannot seem to locate the conditions of this rule. if you could [...]

I received Canada Student loans that I was to begin repaying in November 1996. I have not made a payment since at least 1999, if not longer before that. Is is still out there? Posted from: British Columbia

On you website I read the following: `Breaking News: New Bankruptcy Laws Are Scheduled to Come into Force on September 18, 2009 `Breaking News: New Bankruptcy Laws Are Scheduled to Come into Force on September 18, 2009 Student Loans Now Discharged After 7 Years As expected, student loans will now be automatically discharged in a [...]

When does the 10 years start for bankruptcies that happened in 1992, for student loans? When you signed the papers for the loan or your last day of school. Thanks Posted from: British Columbia

With respect to the new laws in Bankruptcy and Student Loans- Is the seven year period from when you graduate university, or is it the date that you last recieved student Loans? In my case there is a few years difference. Posted from: Nova Scotia

I left Ontario for Japan over 10 years ago and didn`t repay any of my student loan. Will I now be able to return to Canada and work there or will I still owe the money? How would they know? Posted from: Ontario

Hi I had a student loan in 1991 and moved abraod and didn t pay it.. What happens if I move back to Canada? Is the loan still `live` or has it been dissolved due to non payment over such a long time? Posted from: Manitoba

I declared bankruptcy last month, and my end of study date is May 31, 2002. I received a letter from Sciotiabank this morning stating that they have received notification of my bankruptcy. In the letter it states, `since June 18, 1998, student loan debts are not extinguished through participation in bankruptcy unless seven years have [...]