I graduated in the fall of 2003 and accumulated students loans. Due to some bad luck and financial difficulties, I was not able to pay back my OSAP student loans. About a year ago, after filing a tax return, my refund was taken and applied to a student loan but I am not sure which student loan (provincial or federal). Again this year, my refund was applied to the student loan, so I decided to call the telephone number on my notice of assessment and I got a collection agency (EOS NCN). I am currently not in a best financial situation, I am currently unemployed and my EI has ended. After talking to one of the agents, they kept mentioning taking care of my federal portion after I pay of the one they have. I acknowledge having any federal loan on the phone or gave anything in writing about having a federal loan. However, I make and arrangement and got it in writing to pay back a small amount of $50 per month over the next 6 months. The amount owed on the loan with the arrangement is $3969 approx., I want to know if I can make an offer of lump-sum on this amount if I am able to at some point in the future?
What I can't seem to figure out is where and how do I find out more about the other portions of the student loan without resetting any kind of limitations?
I know there is the federal portion, and I know at one point RBC had some of the loans. It has been a long time and I don't have any documentation that would explain who has them and how much is owed. What I do have is a credit report from Jan. 2012, that shows that the loans held by RBC were closed and last reported on 03/31/2004 or 07/29/2005 with the note "Account Closed/Rating Non Derogatory" on each one for RBC. I have read on this forum about limitations with certain types of student loans, would any of these loans fall under any limitation rules?
In my current situation, I know there is no way I could pay back any of these loans.
long time
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