IR on CSLP with OSL in default
Printed From: CanadaStudentDebt.ca
Category: Government Program Problems
Forum Name: Repayment Assisstance Plan (RAP) Issues
Forum Description: Rules, regulations and problems (Formerly Interest Relief and Debt Reduction)
URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=2030
Printed Date: 26/March/2026 at 10:42pm
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Topic: IR on CSLP with OSL in default
Posted By: KimM
Subject: IR on CSLP with OSL in default
Date Posted: 08/January/2005 at 10:47am
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Is it possible to get IR on my CSLP which is currently in good standing while my OSLs are in default? This is bad I know...
------------- Nehemiah 5:7 Then I consulted with myself, and I rebuked the nobles, and the rulers, and said unto them, Ye exact usury, every one of his brother. And I set a great assembly against them. |
Replies:
Posted By: kwelmm
Date Posted: 08/January/2005 at 2:53pm
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They are separate application forms for each one for interest relief...so, I can't see why the OSL default would influence your eligibility for interest relief with the CSL! I was in default with my CSL and still qualified for interest relief with my OSL.....you should be okay unless things have changed that much |
Posted By: KimM
Date Posted: 09/January/2005 at 11:27am
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Thanks K. I guess I was thinking there was a grande "restricted list" for all SLs. I tried looking it up on the NSLC website but seemed to go in circles. ------------- Nehemiah 5:7 Then I consulted with myself, and I rebuked the nobles, and the rulers, and said unto them, Ye exact usury, every one of his brother. And I set a great assembly against them. |
Posted By: KimM
Date Posted: 10/January/2005 at 5:08am
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My CSL was for the school year 2000/2001. NSLSC confirmed that I am eligible for IR even though my OSL is in default. Loans after 2001 I don't know what happens. It looks like there may be an integrated CSL-OSL and therefore maybe one restricted list(?)
------------- Nehemiah 5:7 Then I consulted with myself, and I rebuked the nobles, and the rulers, and said unto them, Ye exact usury, every one of his brother. And I set a great assembly against them. |
Posted By: kwelmm
Date Posted: 10/January/2005 at 10:00am
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Kim...that's great to hear Again...good news |
Yah, I'm not sure how they handle the integrated loan interest relief??? I guess that is one good thing about the old way--the two are separate, and therefore, each considered separately for IR!!
Posted By: KimM
Date Posted: 11/January/2005 at 6:16am
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Keeping my CSL in good standing gets me my income tax return. I understand that the Ontario government can/will take it too. They haven't so far but since I haven't been paying on the OSLs these past 10 months I guess I will have to wait and see what will happen this year. Thanks again K. ------------- Nehemiah 5:7 Then I consulted with myself, and I rebuked the nobles, and the rulers, and said unto them, Ye exact usury, every one of his brother. And I set a great assembly against them. |