like i said, i'd have worked if my program allowed... some program aren't just about opening up text books, doing a few problems, writing papers and learning through rote.. I need to use labs, specialized equipment, studios etc which aren't available all hours or in the comforts of a dorm room or home
Is there anything I can do legally to avoid paying my OSAP loans?
- Thread starter LKD
- Start date
yeah, i'm being hounded by these debt repayment/ loan companies who I believe had access to my OSAP records somehowMaybe speak to one of those debt repayment agencies that help you manage your debts.
Go with a reputable one or maybe speak to a few.
Not sure if they could negotiate for a reduction in a government related debt but worth a try.
Since I started paying back my loans, been getting lots of calls from these guys but never spoke to any of them.
I don't know if that is entirely true.. there must be a way one could work in the UK... I've had a few Canadian classmates who've gone to work in LondonYou wouldn't get a work permit in the UK, unless you are a UK citizen.
i'll have to look into this optionLKD, just curious: can you pay off in full the OSAP loan with a lower-interest loan (say, secured by a home)? Then pay that lower-interest loan on a monthly schedule? From what I understand, OSAP loans carry a higher rate of interest than a home equity loan or line of credit...
It sounds like you've been sent to collections.yeah, i'm being hounded by these debt repayment/ loan companies who I believe had access to my OSAP records somehow
Good luck with that.
OSAP loans aren't meant to just cover tuition costs. The cost of everything else is rising as well. My last year in university (five years ago) cost me $8000 in tuition (two four-month terms), $1400 in student fees, $300 in parking fees, $6000 in rent and utilities (if you live on residence, it's even more...roughly $8000 to live in a piece of shit and that only covers 8 months instead of a full year; oh, and that's tax-free land, so you can't even claim it), $5000 for car payments and insurance, $2000 for gas, $2500 in groceries, and another $1000 for miscellaneous expenses.
That's $24,200 a year. I worked weekends during school terms and worked my off-term, which offset that amount by about half. The rest was OSAP or banks loans (OSAP only covered about half the outstanding amount because my parents made too much money...btw they didn't help me out financially). $12,000 a year in debt, while working my ass off. That is ridiculous.
OSAP loans should cover ALL school fees and be paid directly to the school so government is more likely to curb gouging. OSAP should also pay out a reasonable amount to students for rent, food, and other expenses. These loans should be guaran-fucking-teed so long as the student retains a good GPA. You want students to want to achieve? That's how you do it. I'd even tie interest rates after graduation to how well a student performed in their classes.
That's $24,200 a year. I worked weekends during school terms and worked my off-term, which offset that amount by about half. The rest was OSAP or banks loans (OSAP only covered about half the outstanding amount because my parents made too much money...btw they didn't help me out financially). $12,000 a year in debt, while working my ass off. That is ridiculous.
OSAP loans should cover ALL school fees and be paid directly to the school so government is more likely to curb gouging. OSAP should also pay out a reasonable amount to students for rent, food, and other expenses. These loans should be guaran-fucking-teed so long as the student retains a good GPA. You want students to want to achieve? That's how you do it. I'd even tie interest rates after graduation to how well a student performed in their classes.
Just out of curiosity, when was this? I graduated five years ago after working weekends during my school terms, and full-time during my work terms, and still ended up with $50,000 in debt.I was wondering the same thing, most are able to work but choose not to. I worked all through University loading trailers and did well in class, paid my own way and graduated with no debt. I had a few friends who did not work, partied a lot more than I did, and survived on student loans, it's all about the choices you make.
I managed Engineering - Deans List with one, sometimes 2 part time jobs during school and a full time job in the summer. Wasn't eligible for OSAP but still had to pay my own way. Managed to make it to a few parties too.like i said, i'd have worked if my program allowed... some program aren't just about opening up text books, doing a few problems, writing papers and learning through rote.. I need to use labs, specialized equipment, studios etc which aren't available all hours or in the comforts of a dorm room or home
Somehow I don't feel sorry for anyone not wanting to pay their OSAP loans. Maybe getting a second job would help. If you took $60,000 in loans and still didn't get yourself in position for a good enough job to pay your debts, maybe you should question your decision making. I'd have loved to have studied a bunch of things (maybe once I retire) but since I couldn't afford that, I went with a degree that would make me employable.
Though I generally agree with your point, some cheaper alternatives could have been found.
... $300 in parking fees... $5000 for car payments and insurance, $2000 for gas, ...
Yeah and when you go to resell them anywhere, they buy them for 10% of cost.When I visited the UofT bookstore last month after a 5 years absence
I noted to my horror that textbooks (in science) had became so eye-popping
expensive that students have to rent their books these days. Had inflation
of the prices of necessities moved in the same pace a lot of people couldn't
even have afforded their food expense.
Ummm.. You had $5000 annual car payments and insurance, $1000 a month rent, $2000 in gas, and $2500 in groceries? Wow, not exactly living like a student.OSAP loans aren't meant to just cover tuition costs. The cost of everything else is rising as well. My last year in university (five years ago) cost me $8000 in tuition (two four-month terms), $1400 in student fees, $300 in parking fees, $6000 in rent and utilities (if you live on residence, it's even more...roughly $8000 to live in a piece of shit and that only covers 8 months instead of a full year; oh, and that's tax-free land, so you can't even claim it), $5000 for car payments and insurance, $2000 for gas, $2500 in groceries, and another $1000 for miscellaneous expenses.
That's $24,200 a year. I worked weekends during school terms and worked my off-term, which offset that amount by about half. The rest was OSAP or banks loans (OSAP only covered about half the outstanding amount because my parents made too much money...btw they didn't help me out financially). $12,000 a year in debt, while working my ass off. That is ridiculous.
Around 10 years ago. I only did 3 years and dropped out. No postgraduate stuff, so maybe that explains it. I don't remember paying any more than around $10k but I wasn't keeping tabs back then. All I know is I paid off all my debts. The bank checked into all that before I could buy my house.When did you go to school; the 70's? My daughter is graduating and after four years, it's cost almost 70000$
But it was nowhere near $70k. I wouldn't have gone to school if it was going to cost me that much.
i should've mentioned before, this is my second degree btw... I had taken out an OSAP on a previous degree, which was completely paid off before I ventured into this second degree as I needed a change of profession... I'm just over-whelmed with this second OSAP debt.
Cambodia would be a good choice !Simple. Leave Canada, and settle in another country. Just dont be too obvious or interpol might know.
man I have no sympathy for you at all.
I went to college for 3 years followed by university for 4. I worked like a sumbitch with part time jobs and so on and managed to graduate with a total OSAP loan of $11K. This was in the mid 90's when I graduated. the main reason for the low amount was because I went to the local college and university - a huge advantage.
you knew what you were getting into. pay what you owe instead of trying to squirm out of it like a douchebag.
I went to college for 3 years followed by university for 4. I worked like a sumbitch with part time jobs and so on and managed to graduate with a total OSAP loan of $11K. This was in the mid 90's when I graduated. the main reason for the low amount was because I went to the local college and university - a huge advantage.
you knew what you were getting into. pay what you owe instead of trying to squirm out of it like a douchebag.
Unfortunately, my part-time work was nearly 2 hours away from the university, requiring me to drive there every Friday night, and back every Sunday night.Though I generally agree with your point, some cheaper alternatives could have been found.
Car ($260/mo. payment + $155/mo. insurance X 12 months) = ~$5000Ummm.. You had $5000 annual car payments and insurance, $1000 a month rent, $2000 in gas, and $2500 in groceries? Wow, not exactly living like a student.
Rent ($500/mo. X 12 months) = $6000
Gas (Yep, that's what it was. Work required I drive a ways on the weekends)
Groceries (Mostly food, clothes and toiletries) = Do you know how much that costs now?! I basically gave myself $50/wk for all groceries. It doesn't go as far as it used to when you consider just covering all your toiletries bankrupts your weekly budget lol.
Yeah so what I bet you would drive that amount of time to go to a bar though PAY UP MAN!!!!!!!!!!!!!!!!!Unfortunately, my part-time work was nearly 2 hours away from the university, requiring me to drive there every Friday night, and back every Sunday night.
