Who to Contact for Help
In a world where people are valued for their money, there's a lot of shame around debt problems.
Remember this: you are not alone. Nearly 2 million Canadians have student loans and many more have other kinds of debts. A lot of people feel like you do.
Check out the many resources on Student Finance 101. But if your student loans or other debts still feel overwhelming, don’t sit alone with it. Talk to others. Ask for help.
Graduate with less debt, using professionally-written advice in Financial Aid: Student Loan Advice. Two examples are below:
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If You're a Low-Income Student...
If you're from a low-income family, you can't afford to let student debt scare you away from post-secondary education.
For you – more than anyone – a degree or trades certificate is essential. You can't count on family money or connections to get you through life. | More ...
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Pay Before They Add the Hidden Interest!
Okay, you've finally graduated. The exams have left you tired and you have to find a job. The last thing you want to think about now is student loans. So you're relieved that – for the first six months after school ends – you won't have to make any payments.
It sounds like someone's doing you a favour. But it's not as big a favour as you think. | More ...
Cut your student loan debt with tested financial strategies from Financial Aid: Student Loan Advice. Two examples are below:
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Paying with Less Pain: 10 Tips
01:When you're paying student loans, you need to take the pressure off. That means you have to save faster. Try to think outside the box, so you don't overlook options or confuse a want with a need.
Consider the advice Okanagan-area financial planner Sandra Genereux gave a couple that was planning to marry… | More ...
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Strategic Paydown: Which Loan You Should Take Out First
Do you have more than one student loan? That can mean juggling different interest rates, different amounts owing, different lenders and even different rules! But you can capitalize on these differences with a strategy to knock each loan off, one at a time.
Only you can decide if your priority is cutting costs or cutting stress. But here's a list to help you choose which loan to get rid of first… | More ...
Do you feel overwhelmed by student debt? Financial Aid: Student Loan Advice could help you get back in control. Two examples are below:
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Thinking of Consolidating Student Loans? Think Again.
Think twice before you try to simplify your life (or lower interest rates) by consolidating government student loans in with your other debts.
Financial advisors, money management books and websites may all advise you to do this. And it can sound like a great idea. Who wouldn't rather make just one payment a month to cover all debts? | More ...
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How to Get Your Student Loan Tax Credit When You're in Default
You may not hear this from loan centre clerks or your collections agency, but it's a fact. If you're making any kind of payment on a defaulted student loan, you're entitled to a Student Loan Tax Credit.
If your payments are big, that tax credit could be worth a few hundred bucks each year! | More ...
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