Student Loans – Payment Negotiations

Student Loans

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Student Loans – Payment Negotiations

Student loan repayment is a problem for thousands of former-students in the Toronto area and all across Canada. Fortunately, the Federal and Ontario Provincial governments have set up programs to help.

If you have Canada Student Loans that were issued after August 1, 2000 and/or Ontario Student Loans that were issued after August 1, 2001 – and you meet the required criteria – you may qualify for a Repayment Assistance Plan (RAP) through the National Students Loans Service Center.

If you have Canada Student Loans that were issued before August 1, 2000 and/or Ontario Student Loans that were issued before August 1, 2001 – and meet the criteria – you will need to deal directly with the financial institution(s) that you obtained your loans through. However, you might want to start by checking out the National Students Loans Service Center.

If you have serious financial difficulties, are considering a Consumer Proposal or a Bankruptcy, and it has been seven or more years since you ceased being a student – your Student Loans might be included in the debts you will be discharged from. You will need to speak with your Trustee to make sure you are eligible.

To prepare for your negotiations – here are some useful hints:

  • Make sure you have all your documents ready – including a copy of any applications for assistance you have filled in.
  • Write out a list of all your questions – before your meeting/phone call.
  • Create your own income & expense statement (be realistic and accurate) to clearly show where you are financially.
  • Be prepared to make compromises – you may not get the interest reduced but you might get a longer payment term.
  • Don’t be defensive – they’ve heard it all before – try and let them know you really want to work this out.
  • Don’t make promises you know you can’t keep.

Whatever your situation, take the time to find out what options and programs are available to you.

Take Your First Step Towards A Debt Free Life

If you are overwhelmed by debt, call us at 1-844-962-9200 to book a FREE, confidential appointment. We will review your financial situation in detail and discuss all of your options with you. Alternatively, you can fill out the form below and our team will reach out to you. 

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Jerry was professional and was easy to deal with
Debbie Asquith
00:09 29 Nov 22
I was quite nervous and a little embarrassed that I needed financial advice. I met with Jerry Janiec and he was very helpful. He made me feel comfortable and explained everything in easy to understand terms so that I understood what my options were. I would recommend David Sklar & Associates for anyone in my position.
Melissa Blackburn
19:53 17 Nov 22
I was fortunate enough to be referred to David Sklar & Associates Inc. by a family member. Now in the10th month of a Consumer Proposal process, I am very impressed with the organization, professionalism and impeccable customer representation that I have experienced. To this effect, I amparticularly thankful to Jerry Janiec and Rhoda Lewis for their excellent work.
Suzanna Vaclavik
12:21 16 Nov 22
Recently dealt with Christine at David Sklar & Assoc. and worked out a Consumer Proposal to put forth to my creditors for my Credit Card debt. She was very courteous, professional and put me at ease with a proposal that I can afford on a monthly basis, which will eliminate my debit in a reasonable timeframe. I would recommend Christine and this firm in a heartbeat. Very happy with the service and attention I got !!
Patrick Kovanchak
01:59 15 Nov 22
Excellent customer service. Special thanks to Olga for being prompt and helpful. She’s a star. Bibi is helpful as well. Great agency to work with.
Fady Tadros
19:28 14 Nov 22
After seeing your commercial play on CP24, I realized that it addressed all the questions and concerns I had about my financial situation. It all started with my one phone call to your office. I had the extreme pleasure of working with Cori Naron at your St. Clair West office in September 2022. She took the time to explain what my options were knowing that it was a very stressful situation with my debt load. She made me feel at ease with my decision to file a consumer proposal and outlined the benefits to me. She is thorough and her attention to detail is outstanding. While it takes a little while to reap the benefits of making this hard decision, she took the time to reassure me that it was in my best financial interest. Well done David Sklar & Associates for having such an amazing representative at your company and for allowing me to "get a fresh start"!
14:31 14 Nov 22
Very highly perfection individual, well executed and greatly knowledgeable in his work, which guided me me the right decisions making opportunities. Thank you.Sincerely, Peter Romasz
Peter Romasz
20:18 13 Nov 22
Trina Powell was very helpful and made the process very easy. Thanks again for all your help.
Jennifer Hager
17:59 06 Nov 22
Jerry is a caring, trustful, knowledgeable and competent Sklar associate. He understood my needs and quickly went to work on my behalf. Ever indebted to David Sklar and Associates and especially to Jerry for his professionalism and caring approach.
David Craig
19:31 31 Oct 22
Jerry Janiec is very knowledgeable and very helpful everything he explained to me was straightforward and very easy to understand. I'm very pleased to be working with Jerry to become debt free. I will definitely be recommending to any friends or colleagues your services.Thank you again for helping me get on the road to be debt free. 5 Stars is well deserved.
Christopher Rakobowchuk
17:41 27 Oct 22
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