27 - Student Loan Debt Crisis

According to Statistics Canada, the average graduate finishes school with more than $26,000 in student debt. According to the Canadian Student Loan Program it takes an average of 10 years to pay the loans off in full. But what happens when you are unable to repay your student loans? Mark Marshall, Licensed Insolvency Trustee with Allan Marshall & Associates, talks about all aspects of student loans. He answers the questions:

• When can I include my student loans in a Bankruptcy or a Proposal?
• Why do I need to confirm my end of study date?
• Will I qualify for a student loan if I am or have been bankrupt?
• How do I keep my student loan in good standing?
• What role does credit counselling play after I have been discharged?

Licensed Insolvency Trustees are federally regulated and approved by the Canadian government. With their extensive knowledge of financial services you can be assured that you are getting the best qualified advice.

Mark Marshall has been working in the insolvency field for 20 years. He received his Licensed Insolvency Trustee accreditation in 2012 and has also been an active board member with Music NB. He endeavors to give each client he meets advice on all of their available options so they can proceed with the knowledge they need to make an informed decision.

• Allan Marshall & Associates Licensed Insolvency Trustee
• Student Loans, Student Debt & Bankruptcy
• The Source of Student Debt: Tuition