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statements needed for stuent loans

Printed From: CanadaStudentDebt.ca
Category: What Needs to Change?
Forum Name: Suggestions for Improvements for Student Loan Programs
Forum Description: Make suggestions for rule changes etc
URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=3840
Printed Date: 29/March/2024 at 9:03am
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Topic: statements needed for stuent loans
Posted By: frustrated-guy
Subject: statements needed for stuent loans
Date Posted: 02/October/2006 at 8:49am

Every student loan borrower would benefit from receiving regular statements.  We need statements to have the information to make decisions.

Statements should come no matter the status of the loan if at school, if in repayment or if in default. 

 

 




Replies:
Posted By: Staretz
Date Posted: 18/October/2006 at 8:19am
I get regular statements all the time. or at least now that i have emerged from bankruptcy protection. 


Posted By: Teri Smith
Date Posted: 23/February/2007 at 4:22pm
I have not received a statement in 8 years. I have no idea how much interest I owe, how long they will continue to take my income tax. I find it very frustrating. I could reduce my tax payments legit but have not because I would actually enjoy getting rid of this debt. It has caused me and my family tremendous credit related hardship. No one will even talk to me unless I am willing to fight with them. I'm getting a migraine just talking about it.


Posted By: Buglady
Date Posted: 23/March/2007 at 6:02am
I've never received any statements despite asking repeatedly. And when changes occur, the first I usually hear of it is six months later from a  collection agency that has old information. Argh!


Posted By: SolveStudentDebt
Date Posted: 23/March/2007 at 7:17am
WHo do you owe?


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

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: Buglady
Date Posted: 23/March/2007 at 10:13am
For me, it's CIBC, the National Student Loan Service Centre, and the BC Government (the student loan dept just got folded into something else, I don't know what). And apparently part of it got spun off to the CRA.

I'm kind of envious of the person who says she gets statements!




Posted By: cdritchie
Date Posted: 19/May/2007 at 2:50am
Teri,
I can tell you from experience i am in the same boat. I'm in Alberta and in 2006 I would have gotten back $6000.00 as an income tax refund. Yes they took it all. They'll take your income tax until your loan is completely paid off. Careful though cause they can also garnish your wages.


Posted By: Chantal
Date Posted: 20/May/2007 at 10:49pm

For the last few years, I have been unable to get detailed statements from RBC eventhough I have requested them repeatedly.   I went into the bank two weeks ago because my son needed a bank card.  While I was there, I decided to ask if it was possible to get a detailed statement.  I spoke with an RBC rep at the bank on the Tuesday, I had the detailed statment in the mail on the Friday.  Needless to say, I was in shock.  Next time I want a statement, I will definately go into the bank.  Forget calling the RBC Student Loan Centre.  Perhaps for anyone else out there having trouble getting statments, try going right into the bank and talk to a rep. 



Posted By: SolveStudentDebt
Date Posted: 22/May/2007 at 2:43pm
Remember, when you call a number for the RBC student loan center, you are really not getting through to the RBC. Youa re actually reaching Resolve Corporation, which is the service provider to the RBC in the same fashion as Edulinx is (only until 2008).

There are problems at that level as many have posted.

Johnny


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

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: SolveStudentDebt
Date Posted: 22/May/2007 at 2:44pm
In the same fashion as Edulinx is (until 2008) to the government of Canada for guaranteed Canada Student Loans (Public Intitutions only).



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

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com


Posted By: jhones.hamilton
Date Posted: 28/May/2009 at 8:52pm
These statements are really useful for record purpose too.



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