What happens to student loans in the event of a bankruptcy in Canada or Saskatchewan ?
As the level of government funding for post-secondary education has decreased, the level of student loan debt in Canada has increased. Students graduate, but with the weak Canadian economy, good jobs are hard to find, and it becomes difficult to repay Canada Student Loans in a timely manner. If a student with student loans files for bankruptcy in Canada, the student loans are not automatically discharged unless the student has been out of school for more than 10 years.
