EE - Student Finance Loan
#1
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Joined: Apr 2022
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EE - Student Finance Loan
Hello all,
Can anyone advise on whether IRCC take into account Student Finance Undergraduate Loan? I'm unsure as to whether this counts as a liability/consumer debt for proof of funds purposes given that the Government withdraws a certain amount from monthly salary and only if you earn pass a certain threshold.
Do I need to explain this to IRCC in a letter of explanation and will this negatively impact proof of funds? I have more than the minimum but my student loan will take a very very long time before I pay it back which is the case for most graduates 😊
Thanks!
Can anyone advise on whether IRCC take into account Student Finance Undergraduate Loan? I'm unsure as to whether this counts as a liability/consumer debt for proof of funds purposes given that the Government withdraws a certain amount from monthly salary and only if you earn pass a certain threshold.
Do I need to explain this to IRCC in a letter of explanation and will this negatively impact proof of funds? I have more than the minimum but my student loan will take a very very long time before I pay it back which is the case for most graduates 😊
Thanks!
#2
Re: EE - Student Finance Loan
Hello all,
Can anyone advise on whether IRCC take into account Student Finance Undergraduate Loan? I'm unsure as to whether this counts as a liability/consumer debt for proof of funds purposes given that the Government withdraws a certain amount from monthly salary and only if you earn pass a certain threshold.
Do I need to explain this to IRCC in a letter of explanation and will this negatively impact proof of funds? I have more than the minimum but my student loan will take a very very long time before I pay it back which is the case for most graduates 😊
Thanks!
Can anyone advise on whether IRCC take into account Student Finance Undergraduate Loan? I'm unsure as to whether this counts as a liability/consumer debt for proof of funds purposes given that the Government withdraws a certain amount from monthly salary and only if you earn pass a certain threshold.
Do I need to explain this to IRCC in a letter of explanation and will this negatively impact proof of funds? I have more than the minimum but my student loan will take a very very long time before I pay it back which is the case for most graduates 😊
Thanks!
HTH.