The Federal SOL is 6 years and I believe the New Brunswick SOL is also 6 years so both components may be stats barred if you haven't acknowledged them in writing or made any partial payments on them in the interim.

Ray

thank you for replying raymond. thats the advice i have been giving her in the first place when it comes to the collection agency. she has to big of a heart and worries to much but the way i see it is, if your already in collections there's no point on stressing about it.

we live in new brunswick canada, so i don't know if the laws are worse here when it comes to student debt but i assume it wouldn't be all that bad because i haven't paid the collection agency in like 8 years and i don't really plan on it for quite a while unless i make some money which someday i will.

if anybody has anymore advice that would be great.

Well, it's a good idea to tell the collection agents to buzz off as any discussion or arguments with them would be absolutely pointless.

At the same time, since you likely don't have any property, no one is going to sue you. But you do need to address the situation somehow and not have it chronically hanging over your head. Doubtlessly, also because you and your wife went to college and want to earn decent money some day as well as own real property. Besides, some loans like OSAP have no SOL on them and never go away unless you declare bankruptcy 10 or more years later.

To give you specific answers is impossible without knowing what province you took them out in, how old the debts are, whether you made any payments or written acknowledgments on them to renew or REVIVE their applicable federal and provincial limitation periods and whether or not your wife qualifies for interest relief.

You need to spend some time on this and at least find out where you stand - even if you can't pay now. Living in chronic fear and dread is very enervating as you can see from so many of the posts over on the canadian financial wellness group forum. If you go over there, maybe get Johnny for a nominal fee or someone else of your choosing to help you.

Many people, if they have the willingness to spend time educating themselves, can handle their own student loan problems. But clearly the vast majority of people writing in have no such inclination. In cases like that, it's better to get some help. Whatever you do, don't go discussing it with any collection agency or give them any money or write anyone any letters until you're ready to proceed. I say this because if you call the Student Loans Center, they'll likely refer you to the collection agencies handling them and by calling them you will just hang yourself even more.

Ray

my wife has 2 student loans that have gone to collections and even though for the last 2 years she has been attending college taking an accountant course, they keep calling her and saying pay up this and that amount.

she offers them like 25 bucks and they reply that it isn't enough. i always thought that when your attending school and you tell the collection companies that you are in school, they have to leave you alone.

she is quite the pushover when it comes to them harrassing her and i just tell her to tell them to stop calling and send her letters in the mail. tonite they tried a new tactic by saying they could garnish her wages....i said that was just a scare tactic.

for years i have been eluding the collection agencies for my student loans and if they could take my tax returns and gst checks or even garnish my wages...you would have thought they would have done it by now. i told them a while back to F-off and stop calling and send me letters. i haven't heard from them since.

i advised my wife once we have some good income coming in then start paying them but we just had a baby and we just don't have the money. also if they took you to court all the judge will say is pay them and thats it. rinse and repeat.

i was looking for advise on this matter because like i said we just had a baby and she is too easily bullied.

thank you for your reply.