Collection of Old - Stats Barred - Loans

Old Loan Question

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Forum Name: Collection of Old - Stats Barred - Loans
Forum Description: Post questions about old loans and Statute of Limitations Issues
URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=5774
Printed Date: 27/March/2026 at 12:33am
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Topic: Old Loan Question

Posted By: Michie
Subject: Old Loan Question
Date Posted: 07/May/2010 at 2:04am

HI,

I went to Uni from 94-97. got $26 600 of OSAP (I think). Have never paid a dime on it. I believe i was initiallly contacted, sent off some interest relief papers. moved. never heard from them again. and have lived basically on the poverty line since i left school. They have for many years now taken my GST and Income tax returns for my loan. I got credit cards a few years ago, and she did a credit check at the time and came back saying I had No credit at all, so I guess the osap wasnt on there.

I am FINALLY in a position where I am now considering paying this off, as I hate having it hanging over my head. However I dont know how to find out how much I owe, and I dont want trigger anything and suddenly start getting harassed by a collection agency. plus im imagining that 13yrs of interest on 26k is going to make what i owe enough to buy a house. I do not want to stay in the living situation I am in (that is allowing me to save money) for the next 7yrs, which is what im fearing if I attempt to pay this loan.

how do I found out how much I owe, so i can determine if it is realistic for me to pay it off? Can I pay off the part that income tax is taking but not the other part? Will paying that part make the other part come after me?

Replies:

Posted By: Michie
Date Posted: 07/May/2010 at 7:25am

And I have another question.

If I turn 65 and this loan is still not paid....will they take my CPP ?

Posted By: SolveStudentDebt
Date Posted: 09/May/2010 at 3:38am

I doiubt it. However, who knows what laws they will create that will enable them to do even crazier things to people.

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Posted By: thor357
Date Posted: 04/November/2010 at 3:11pm

I got a student loan in 1995 and i have never made a payment to it. But i did get the government to forgive both the Ontario and Federal because of my disability. But now the bank want money

questions

isnt that part of the Ontario loan ?

Would my debt be not-collectible under the statute of limitations, as it's been 15 years?