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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 the rules for `Ceasing to be a student for more than seven years`? Does it mean that you have been a non-fulltime-student for a total of 7 years since your last student loan? Seven consecutive years? What? Thanks.

Posted from: Nova Scotia

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One Response to “What exactly is `Ceasing to be a Student`?”

A licensed trustee said...

To the best of my knowledge, the definition is pretty basic – you ceased being a student when you stopped taking classes. It has nothing to do with when or how often you may have borrowed for your education.

Based on the facts you have presented, you ceased to be a student when you completed your garduate degree.

A simple test: if you are able to defer payment of your student loans based on the classes you have been attending then you’re still a student.

I suggest you contact the National Student Loand Centre and ask them what your “end of study date” is.