Seven Year Rule, Student Loans and Employer Funded Courses
April 23rd, 2014 by Questions
I have approximately $43,000 in Canada Student Loans and I was done completed my last course @ NBCC in June of 2007. This is the last time I had student loans or borrowed money at all for my education. Unfortunately, I did not make much once I was done school but luckily I have had employers pay for different courses through the Insurance Institute of Canada and the New Brunswick Insurance Broker’s Association. The Insurance Institute has issued T2202A forms in my name for me to claim the expense when I do my taxes, but I have not done so because my employers paid for everything. I keep getting conflicted information as to whether or not I will be able to successfully complete a Consumer Proposal. Any advice would be helpful. I have the documentation showing that the last time I attended school through National Student Loans was in June 2007 but I am still worried. I can’t afford the payments they want and I am on interest only but it is getting me nowhere. Thanks!
Posted from: New Brunswick