What is the impact of bankruptcy on my student loans?


  • Immediate repayment required - If you declare bankruptcy, your Canada and B.C. student loans automatically go into repayment status and you must start paying back your loans unless you are pursuing the same course of studies.
  • Long-term ineligibility - If you declare bankruptcy, you may not be eligible for any more StudentAid BC funding until 10 years (or 8 years under financial hardship conditions) after you have left post-secondary studies.
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