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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I worked primarily with Christine, who was very friendly and outgoing. She was quick to help me, and explained everything I needed to know very well. She's quick to answer any questions I may have as well. The other members I spoke with were also very kind and jovial, and were happy to help me with anything they could. They made sure my proposal fit within my budget, and got everything going very quickly. I was happy to work with them, and would highly recommend their very friendly service!
Melissa McAllister
Very processional and understanding of my situation. Thanks to all your team.
Luc Valade
Jennifer Norton's exceptional assistance with my consumer proposal was life-changing. Her professionalism, expertise, and dedication were evident from the start. Jennifer's thorough explanations and attention to detail created a tailored proposal that set a clear path to financial freedom. She went above and beyond, advocating for my best interests and providing invaluable support. Thanks to Jennifer, I'm on track to a stress-free financial future. I wholeheartedly recommend her – she's not just a financial expert; she's a life-changer. Thank you, Jennifer!
They made a difficult situation, easy thank you.
Ray Barkley
I had a great experience with Christine from David Sklar & associates. Very professional, and easy to get through. Thank you
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Great customer service and a smooth process to get your finances on track. Informative and thorough.
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From the moment I sat down in the office, I felt welcome and at ease. Grace Cuffaro was both friendly and highly informative. She is extremely knowledgeable and answered all of my questions in detail, making sure I understood before moving on. I was reassured throughout the process that I was making the right decision and that it was not uncommon nor anything to be ashamed of. I didn't expect my appointments to be such positive experiences, but that's exactly what they've been!
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I was in a tough financial position and found myself searching for relief. I came across David Sklar & Associates page when doing my research on financial advice. The reviews were amazing, but I was concern because I didn’t know what to expect. I made the decision to set up a consultation and had the pleasure to meet with Jennifer Norton. Right from the beginning, she was attentive, knowledgeable, and pleasant to meet with. The experience was painless and very educational. Jennifer made sure I understood my choices, answered my questions, and concerns promptly, in person, over the phone and via email. I’ve been working with Jennifer for a couple months now and I am pleased that Jennifer is the manager handling my file. I would and have recommend Jennifer Norton, David Sklar & Associates to anyone in need of direction regarding finances.
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I had my first meeting with Jennifer, she was really understanding and extremely helpful, and got everything done in a timely manner.
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Jennifer Norton has been the most helpful throughout this truly embarrassing situation that I find myself in. She is informative, understanding, and there is absolutely no judgment. She has handled everything in a very professional and respectful manner and I am SO glad that I have them on my side. Definitely a huge weight off my shoulders.
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