debt reduction
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URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=4848
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Topic: debt reduction
Posted By: debtorprison
Subject: debt reduction
Date Posted: 15/April/2008 at 11:53am
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I am looking for information regarding the maximum income levels to qualify for a Canada Student Loan reduction. I have found Ontario tables (and the maximum income levels are pitiful).
I have (finally) a well-paying job but i am not making much progress into my debt (I just received my annual statement-- i paid over 6000 dollars last year and more than half of that was in interest!). At this rate it will take me ~18 more years to pay off this damn thing.
I have been out of school for almost 10 years which also means that bankruptcy is a possible option (18 more years of bulls.. after i have been paying for 8 years is unbearable). Funny thing is that i will almost be retiring by the time this loan is paid
 Any information would be helpful
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Replies:
Posted By: old hippy
Date Posted: 16/April/2008 at 12:31pm
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Hey debtor,
http://www.hrsdc.gc.ca/en/learning/canada_student_loan/debt_reduction.shtml - http://www.hrsdc.gc.ca/en/learning/canada_student_loan/debt_reduction.shtml
click on "maximum income guidelines" - wow! that's something...the table is actually posted online and it's easy to find...probably cost the gov't millions to come up with that idea.
I'll have paid $75,000 in interest when I hit retirement age (if I keep paying it) - but anything can happen I guess. That'll teach me for "going back to school"
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