Hi there,
I have a very similar situation as the previous poster.
Back in 2008 I was still enrolled in and attending school when my student loans came due. I missed around 6 payments before the national student loan center sent it to CRA collection. I spoke with someone from CRA who told me that they wanted it paid in full, when I explained the situation, being that I was not currently working but my significant other was and asked about making arrangements. We had settled for payments of $300 a month, which is quite a bit on a one persons salary while they are trying to pay their own student loans, and the rest of the monthly bills. I have since been religiously paying the $300 a month by postdated cheques (6 at once).
When I filed my return for 2010, it was noted by my tax preparer that I was suppose to get back close to $3400. Great! That was going to pay for my wedding this summer. However, CRA assessed my return at $3500 and then took it all to pay one of my student loans. That would be great if we didn't already owe that money to people as I would love to have that $300 payment a month completely removed.
Is there anything I can do?