Student loans

Understanding student loans is essential if you want to pursue your studies with peace of mind

Student loans are specifically designed to help students pay for tuition fees, books and study-related expenses. They can be taken out with various financial institutions or are guaranteed by the government. These loans generally offer lower interest rates than traditional loans, making them an attractive option for financing your studies.

It is important to note that student debt can be included in a consumer proposal or any other form of insolvency solution. Certain criteria must be met, but contrary to popular belief, student loans are not exempt from these options. It is therefore possible to free yourself of this type of debt by calling on the services of a licensed insolvency trustee such as Mallette Redressement financier.

Student debt can build up, particularly when students have to take out several loans to finance their studies, when interest rates on these loans rise or when students have difficulty finding gainful employment after their studies. When student debt gets out of hand, it's crucial to consult an expert to assess the options available.

An advisor at Mallette Redressement financier can assess your financial situation and suggest solutions tailored to your specific situation. Whether it's a consumer proposal, bankruptcy or any other measure, our team of experts is here to help you regain control of your finances and free yourself from the burden of student debt.