FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Comments

This field is for validation purposes and should be left unchanged.

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

This field is hidden when viewing the form

Source

How can we help you?

If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Select Trustee By Province

Student Loans

I am 2 payments away from finishing a Consumer Proposal. Included were my student loans. My question is: My last loans were for the 1995-1996 school year. I was a student from 1996-98 but had no loans. If the law right now says that they are discharged after 10 years, will they be discharged with my proposal, or will I still owe the interest on them? I am getting no help from my trustee on this matter, she doesn’t seem to have a clue about student loan laws. Thank you so much, hope you can help me.

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “Student Loans”

A licensed trustee said...

Student loans are excluded from bankruptcy proceedings (and proposals) until the student has been out of school for at least 10 years. If y9ou wife is currently a student then her existing student loans would be excluded from bankruptcy.

If she has not defaulted on any payment terms on her existing student loans, and she meets eligibility requirements for new loans, she should still qualify for new loans even if she has filed for bankruptcy.

The best thing for her to do is speak to a financial aid officer at the school she is attending to find out what the specific rules are in her case.