Frequently Asked Questions
- Can I Get A Student Loan While I Am Bankrupt?
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<p>Borrowers who participate in a Bankruptcy or Proposal while in full-time study may apply for new Canada Student Loans for a maximum of 3 additional years. In addition, borrowers will be eligible for interest free status on all existing Canada Student Loans. In order to remain eligible for new loans and/or interest-free status, these borrowers must remain in the same program of study on a full-time basis.</p>
<p>As these provisions could change at any time we recommend that you contact the student loan authorities directly for up to date details of their present policies.</p>
<p><strong>Whom to Contact For Clarification:</strong></p>
<p><strong>National Student Loans Service Centre</strong></p>
<p><strong>Public Institutions Division: 1-888-815-4514<br /> Private Institutions Division: 1-866-587-7452</strong></p>
<p>E. & O. E.</p>
DISCLAIMER
All of the information on this website is provided as general information to those seeking general answers to their questions.
This information should not be construed as professional advice.
Every insolvency situation is different and the outcome of each will very depending on its unique circumstances.
Do not rely on this information, or take any steps which are based upon this information without first seeking professional advice.
To obtain specific professional advice a questionnaire must be completed and a personal evaluation conducted by our Trustee.