I'm new to this forum and am really happy to have come across it. I have a Canada and Ontario Student Loan through Scotiabank from before 2000. I have exhausted my interest relief period and all but 4 months of my extended interest relief (please don't ask me how there's a 4 month period left hanging there that isn't even a full period of interest relief). 

So, I thought I might be eligible for debt reduction and called to find out, but because I graduated in 2006, I still have two more years to go before I will reach the five years to qualify for debt reduction. I asked what other options were available to me, and apparently I am making a couple hundred dollars more than the ridiculously low maximum monthly income for Scotiabank's Interest Relief program. I actually spoke with the National Student Loan Centre, and their maximum monthly income amount for interest relief is several hundred dollars more than Scotiabank's, which makes me FURIOUS. I'm so angry that if I had gone to school two years later, I would have had my loan processed through the NSLC and not had to deal with this abomination of a financial institution.

Anyway, I digress. So I was told my only option is to apply for a Revision of Terms for my student loan, where they make the length of repayment longer, and thereby reduce your monthly payment (but also, like the absolute bloodsuckers that they are) increase the total amount of interest you will pay over the years. Has anyone done this? I was told to just write a letter to the  Scotiabank Student Loan Centre explaining why I would like to do a Revision of Terms and explain my current financial difficulties. 

If anyone has done this or knows how much it reduces your payments, I would love really appreciate your advice or information. I was also told there is an option where you only pay the interest, but the smug and rude customer service person on the phone who was telling me abot it wouldn't go into details. 

Thanks so much!!