Comments | panthosette: Money Woes

panthosette

Money Woes

Jan 25, 2006 09:34

UGH! I hate having student loans. For the first time, I don't qualify for interest relief since Ry makes too much. So even though the take home pay is half of the gross, they still look at the gross. So they want a third of the take home.... yah, like that's possible. I try and come to some payment terms, but I still can't afford just the ( Read more... )

Comments 2

sstpierr January 25 2006, 20:54:08 UTC

That totally sucks :-( I hate student loans. I'm in the same boat girl....and so are a lot of young canadians.

Hey, what is that debt reduction thing?

panthosette January 25 2006, 22:00:12 UTC

Debt reduction is if you have have been on interest relief (5 yrs i think is the magic number) you can apply for the reduction. It is $10,000 max that can be knocked off your loan after they look at your circumstances. And you can apply 2 more times, after that with a yr separating them for an additional 6,000 taken off.
It's amazing how they really make it hard, I am more than happy to pay them thier money, just at a slower rate than they want!