Student Loans Articles - Archive: September 2009

I`ve been contacted by a collection agency for a CIBC student loan in 1997-98. They will not accept a payment plan and want me to open an account with CIBC and have my payroll cheque deposited there every two weeks. After this is done they `may` decide to talk about a payment plan but they [...]

Can overdue Student Loan Collection Aggency Garnish my wages?? Just recently contacted about an overdue student loan debt from collection agency, she is unwilling to negotiate a payment plan. Posted from: Ontario

I have been out of school/university for 4 years this August 2009. I have been working in odd jobs that have nothing to do with my degree and have been tight for cash ever since. I haven`t been able to go and finish my degree because the costs are too great for my situation and [...]

When a student loan goes to collections is interest still applied till it`s paid off? My understanding was RBC sold their student loans to collections. Would that not make the loan null and void being that I never signed for the loan with the collection but with the bank that no konger owns the loan. [...]