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Share Your Thoughts - Re: Repayment Fairness

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    Posted: 31/August/2021 at 2:17pm
Tell Us Your Thoughts!
The Canada Student Loans Program bases the rate of a borrower's monthly payment towards a student loan on the total of all income in a household. In the case of a borrower having an income below the minimum income threshold – or no income, the government requires the borrower’s spouse to pay if his/her income is sufficient enough. If payment is refused, then the government will abandon the borrower and place them in default, and subject them to a grueling process of having to deal with the government collection processes.
Is this fair or unfair?
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.
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