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Pair that with high housing costs and low wages, and it’s no surprise that most millennials are putting off major life milestones because they simply can’t afford it.
There is a small glimmer of hope for those struggling with provincial and federal student loans, and it comes in the form of student loan forgiveness.
But student loan refinancing is an emerging industry and option for student loan borrowers.
If you are stuck with a lot of student loan debt, or are paying high interest rates, you should consider student loan refinancing as pathway to better defeat your student loan debt.
There is a ‘hardship’ rule that says that a bankrupt with student loans may apply to court to have their student loan debt reduced or discharged after five years.
With only a few exceptions, it is generally advisable for all student debt holders to at least explore a refinancing scenario, especially since getting your rate through Lend Key’s platform will have no impact on your credit score Our fast and easy student loan refinancing calculator lets you plug in your remaining loan balance and existing monthly payments so you can quickly figure out whether refinancing your student loans can improve your finances.Unfortunately, over the last decade student loans have become the new normal for most graduates.college graduates now graduate with student loan debt.If you’re one of the many young Canadians dealing with high student loan debt, I’ve put together a list of possible resources for you to tap to reduce your debt burden.Before you jump to your province and start going click happy, there are a few things you should know: First, most of these programs are for publicly funded student loans.