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Student Loans: Answers to Questions

Most Recent ‘Student Loans’ Posts

Lien on the house because of unpaid student loan

My husband is currently unemployed. He hasn`t been able to repay his student loan for quite some time. He stopped attending school over 7yr ago.The collection agency has taken over now and keeps on calling him saying, they`ll put a lien on the house if he doesn`t sell the house to repay his loan. The […]

Canadian Student loans

I have not attended school since 1997. I Moved to the States immediately following school and still reside in the US. I have over te year made very minimal payments since I do not make much money. I never even covered my interest. I have not made a payment since 2004 and have been serve […]

Student loan

Here is my situation: I finished school in the summer of 1997. I filled for bankruptcy February 2002 and was discharged in 2003. I was able to make payment arrangement with government few times in the last ten years. Needless to say that I was only covering the interest cost. In March 2010 I lost […]

Who informs the collection agencies?

I am being harassed by a collection agency, whom I have told that I may have to file bankruptcy because I just can`t pay these like they would like. She was quite rude and to the point when she told me that every student loan this is included in a bankruptcy…when discharged ALWAYS goes back […]

Consume proposal and student loans

Do I have been out of school since 1999. I owe over $30,000 in student loans which I am unable to repay. I don`t want to file for Bankrupcy. Is a proposal an option for student loans. Posted from: Ontario

Student Loan Legislation

I am preparing to file bankruptcy early next month. My end of study date is August 2002. This morning I spoke with a creditor who said the new 7-year rule is for loans taken out after the legislation was enacted so my loans would not be discharged as I would still be held to the […]

What exactly is `Ceasing to be a Student`?

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 […]

Question

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

hardship rule

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 […]

Loan Default question

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

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