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According to the Government of Canada, the total amount of student loans owed sat at $23.5 billion in 2022. In April 2023, the accumulation of interest on Canada Student Loans was eliminated.
A student loan becomes delinquent when a borrower doesn't make a payment 90 days after its due date. If you continue to be delinquent on your loan for 270 days — or roughly nine months — then ...
The student loan program is a case study in government mismanagement. Last month, the Department of Education announced it will resume collecting on defaulted student loans. It hadn’t done so ...