Currently unemployed and trying to get my student loans in order with no success.

June 2nd, 2014 by Questions

Hello

I graduated in 2008 and was filling out the Edulinx form b for interest relief every 6 months, then, through a clerical mistake and nightmare in 2011 I was not eligible as they said they did not receive my forms—I have copies of everything being faxed, but finally gave up trying to solve the time consuming issue.

I have been trying to get my student loans in order, with no success. As of today I owe 55000.00. In order to get back on the interest free wagon, I need to pay 8000.00 plus two loan payments. (I am paying $6.81 everyday in interest)

I’m unemployed and do not see a light at the end of the tunnel, any suggestions? I’m filling out a form to see if our Alberta Ombudsman has any advice.

Thank-you for any insight you may have.

Posted from: Alberta

Questions

One Response to “Currently unemployed and trying to get my student loans in order with no success.”


, Desmond West-Chow, CIRP said:

The best assistance I may offer is to discuss your overall financial situation with you. If you could, contact our office to discuss any additional financial obligations you may have and the specific month you completed school in 2008. Student loans cannot be cleared by a bankruptcy (or a consumer proposal) if an individual has not been out of school for 7 years on the day they file. What we could address however, are other obligations or debts you have in order to free-up cash flow for paying down student loan debts.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)