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shared student loans

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Forum Name: Bankruptcy and Proposal Info and Issues
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URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=5425
Printed Date: 26/March/2026 at 10:41pm
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Topic: shared student loans
Posted By: jread1961
Subject: shared student loans
Date Posted: 24/August/2009 at 2:19am
I have a few questions that no one has been able to give me straight answers for:

From 1996 - 2000 were CIBC student loans "shared" with the government, or had the the govt stopped sharing the responsibility by then?

 After 7 yrs of sitting in the credit bureau doesn't it have to fall off just as everything else has to fall off after 7 years because of fair reporting? Does the credit bureau fall through and drop it off after 7u years if it is not shared?







Replies:
Posted By: SolveStudentDebt
Date Posted: 24/August/2009 at 7:41am
Risk shared loans go back before 1996. The integrated program took over in late 99/2000 whereas loans are all governmenbt guaranteed.
 
No it doesn't have to fall off. Depends on it's status.  Loans can be reported as per the guidelines in the credit reporting legislation. You can refer to that for additional data.
 
Johnny


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

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Posted By: jread1961
Date Posted: 24/August/2009 at 6:57pm
BUT, if something can only stay showing for 7 yrs then if the student loans are not shared then how is it any different? Are you saying then that student loans are different then any other thing being reported to the credit bureau? (I don't mean gov't loans because I know they can stay on forever if unpaid).

My loans (not gov't loans) have had no activity showing for 6 yrs but they keep reporting. I just want to know is it legal for the credit bureau to keep those loans showing on my credit after the 7 yrs is up?

By the way, thanks so much for responding to me. I learn so much from this site.



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