How can I find debt counselling for my student loan debt?
January 6, 2013 8:57 PM Subscribe
How can I find debt counselling for my student loan debt? I've heard of debt counselling for other kinds of debt. I'm looking for someone who knows the ins and outs of the byzantine student loan bureaucracy in Canada.
posted by fullerenedream to Work & Money (4 answers total) 1 user marked this as a favorite
I'm a Canadian living in BC. I have a Canada Student Loan and a Nova Scotia Student Loan (I'm from NS). I finished school a few years ago. I don't make a lot of money. I am concerned that at some point I will be unable to make a payment they demand of me, and I will end up defaulting. I don't want that to happen. I have heard some horror stories and I am pretty scared of defaulting.
I want to know all my options. I know about repayment assistance. But I've also had a customer service rep say "Oh, I can take those three monthly payments and add them to the principal instead. Would you like that? I don't know why no-one told you about that option months ago." This makes me wonder if they have other solutions up their sleeves that they can offer if they feel like it, but that they otherwise don't tell us about.
I'd like to talk to someone who knows all the options, all the rules, all the formulas, and can advise me on my best plan of action. Other than "Yeah you should really try to make more money," because I'm already trying to do that!
Have you ever heard of a student loan debt counsellor? How do I find one? How do I know if I can trust their advice? Any suggestions would be welcome.
Thanks for your help!