Comments on: Alberta & Canada student loans, Statute of limitations? http://www.student-loan-blues.com/canada-student-loans/alberta-canada-student-loans-statute-of-limitations How Blue Are You? Fri, 10 Sep 2010 01:24:19 +0000 http://wordpress.org/?v=2.5.1 By: MissPriss http://www.student-loan-blues.com/canada-student-loans/alberta-canada-student-loans-statute-of-limitations#comment-96 MissPriss Sat, 22 Nov 2008 18:58:59 +0000 http://www.student-loan-blues.com/canada-student-loans/alberta-canada-student-loans-statute-of-limitations#comment-96 I had an Ontario/Canada student loan in 1972. In 1989 I bought a house and my student loan came up as a lien against the new property -- so that's 17 years........<br><b>References : </b><br> I had an Ontario/Canada student loan in 1972. In 1989 I bought a house and my student loan came up as a lien against the new property — so that’s 17 years……..
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]]> By: Anjell http://www.student-loan-blues.com/canada-student-loans/alberta-canada-student-loans-statute-of-limitations#comment-95 Anjell Sat, 22 Nov 2008 18:40:59 +0000 http://www.student-loan-blues.com/canada-student-loans/alberta-canada-student-loans-statute-of-limitations#comment-95 The statute of limitations on provincial or student loans are supposedly 10 years minimum but some say they are forever collectable. I learned this the hard way. Once they go into collections at HRSDC they will start sending you monthly statements with fields that show the total existing debt, minimum monthly payment and interest rate and amount. If the minimum is too much for you to pay, call the number on the statement, I believe it's in Edmonton and make arrangements to pay. If you do not pay it, all things taxable will have a lien on it. GST rebates, tax refunds, you name it. They'll get first pick. It cannot be included in a bankruptcy.<br><b>References : </b><br> The statute of limitations on provincial or student loans are supposedly 10 years minimum but some say they are forever collectable. I learned this the hard way.

Once they go into collections at HRSDC they will start sending you monthly statements with fields that show the total existing debt, minimum monthly payment and interest rate and amount.

If the minimum is too much for you to pay, call the number on the statement, I believe it's in Edmonton and make arrangements to pay.
If you do not pay it, all things taxable will have a lien on it. GST rebates, tax refunds, you name it. They'll get first pick.
It cannot be included in a bankruptcy.
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