How do I receive further funding if I switch programs of study or enter repayment and wish to return to school at a later date?
A borrower who has filed bankruptcy on or after June 25, 1998 is not considered discharged from his/her debts or his/her obligation to pay until 10 years after the date the bankrupt borrower ceases to be a full or part- time student. As a result, federal and provincial authorities will continue to pursue collection of student loan debts. In addition, the Federal Government may impose an additional three-year penalty from the date of discharge of the Student Loan debt before a borrower can be considered for funding again through the Canada Student Loans Program (CSLP). This means that a borrower might not be able to apply for reinstatement towards additional Federal or BC Student Loan funding for up to 13 years or more after the date on which the bankrupt borrower ceases to be a full or part-time student. Once a borrower has received full reinstatement from the Federal government, they may apply for additional BC Student Loan funding. In order to receive full BC reinstatement, a borrowe
