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Affordable repayment is not affordable at all!

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chrisnat View Drop Down
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    Posted: 18/March/2018 at 3:24pm
Hi there,

I am living in Toronto and my affordable osap repayment is about 620$ (about 15%) of my net income.

I am married and my wife is not working. If I put all fixed expense aside such as mortgage, car loan, tax, utility bills, remaining would be about 800$. If I pay 620$ for osap, only 180$ remains for food grocery and .... which is almost impossible to survive.

What should I really do? Any advise? By the way, my permanent disability conformed already with NSLSC.

Thanks
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Royal-NCO View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Royal-NCO Quote  Post ReplyReply Direct Link To This Post Posted: 20/March/2018 at 7:50am
Is there a good reason why your wife can't work?  (At home with new baby, etc).  Is she actively looking for work?

In this case, I do believe the system has the right to say, hey you gotta pay your debt, and if that means lowering your standard of living for a while, than so be it.    A person with a mortgage and car loan, has sufficient cash, and your student loan payment should have been considered before you took on these other responsibilities.

Having said that, if your wife just recently lost her job, or you recently had a baby, then you might be able to appeal the affordable payment.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote chrisnat Quote  Post ReplyReply Direct Link To This Post Posted: 20/March/2018 at 3:20pm
Originally posted by Royal-NCO Royal-NCO wrote:

Is there a good reason why your wife can't work?  (At home with new baby, etc).  Is she actively looking for work?

In this case, I do believe the system has the right to say, hey you gotta pay your debt, and if that means lowering your standard of living for a while, than so be it.    A person with a mortgage and car loan, has sufficient cash, and your student loan payment should have been considered before you took on these other responsibilities.

Having said that, if your wife just recently lost her job, or you recently had a baby, then you might be able to appeal the affordable payment.


My wife is actively looking for job. Look, my mortgage is about 1600 per month.

As I said, I am more than welcome if my credit berue checked with NSLSC to make sure my left over. I am under huge debt because of not having income during my study.

I was married when I started my PhD and we did not have any income other than osap. Of we were lucky and I started my study now, since my income was below threshold, my tuition was free.

By the way, I used the car to go to work. No car no work.

Also, I am already diagnosed with some gradually progressing disabling decease along with severe depression which even tomorrow is not clear for me and already struggling to keep my job.

It is already documented with my doctor and approved by NSLSC as permanent disability.

Do it make sense?

Also, since my decease is progressing and I might not be able to drive, I am thinking of applying for severe permanent disability. Any recommendation?
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Post Options Post Options   Thanks (1) Thanks(1)   Quote Royal-NCO Quote  Post ReplyReply Direct Link To This Post Posted: 24/March/2018 at 8:45pm
If everything you've stated about your disability is provable, it sounds to me like you've got a great case for appeal. Having said that, being married, I am uncertain how your wife's circumstances would fit into that appeal.  Perhaps, Johnny can help you with this.  Hopefully, he'll reply to this thread at some point and you can discuss it further with him.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote chrisnat Quote  Post ReplyReply Direct Link To This Post Posted: 04/April/2018 at 9:18am
Originally posted by Royal-NCO Royal-NCO wrote:

If everything you've stated about your disability is provable, it sounds to me like you've got a great case for appeal. Having said that, being married, I am uncertain how your wife's circumstances would fit into that appeal.  Perhaps, Johnny can help you with this.  Hopefully, he'll reply to this thread at some point and you can discuss it further with him.

Thanks Roya. I do not know what should I do? Can I have the contact information of Johnny?

Thanks
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Post Options Post Options   Thanks (0) Thanks(0)   Quote chrisnat Quote  Post ReplyReply Direct Link To This Post Posted: 09/April/2018 at 7:21am
Originally posted by Royal-NCO Royal-NCO wrote:

If everything you've stated about your disability is provable, it sounds to me like you've got a great case for appeal. Having said that, being married, I am uncertain how your wife's circumstances would fit into that appeal.  Perhaps, Johnny can help you with this.  Hopefully, he'll reply to this thread at some point and you can discuss it further with him.

Thanks Roya. I do not know what should I do? Can I have the contact information of Johnny?

Thanks
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Johnny Quote  Post ReplyReply Direct Link To This Post Posted: 11/April/2018 at 11:18am
Hi guys, I would totally agree with Royal. It  all rests on what you can prove to them that demonstrates hardship with an extenuating circumstance or two that places the loan and it's repayment in the cumbersome/burdening/Zero opportunity barrel. 

If you have medical documentation that supports your statement that it will get worse, not better, then this is your foundation. The CFW Group isn't taking any new clients  now, but if you need some  coaching on this, I can do it here for ya. For sensitive info and docs, Email Mark, site owner, and he can fire off my private email to ya. Then we can do a little demo on site and off to give you some help. 
 


Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

solvestudentdebt.com
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