I've been paying off my credit card for almost six years. It feels like it's never going to end; I still owe $6,800. I also have a $14,000 student loan that I haven't paid in 10 years. I currently live in Ottawa. Is it worth declaring bankruptcy? Does the student loan get forgiven after a certain number of years?
It depends on your income, of course.
Your student loan is eligible for release if you have not been a student for at least 7 years.
Your student loan is eligible for release if you have not been a student for at least 7 years.
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