What Happens if I Don't Pay?

If you miss payments (default) on your student loan, EDULINX, the Government of Alberta, the Government of Canada, and/or your bank will take steps to recover the debt.

Remember, you must repay your loans even if you don't:

• complete your studies, or
• earn a certificate, diploma or degree, or
• find employment 

Your student loan is registered with the credit bureau when you cash your loan agreement so there are consequences if you miss payments:

• your credit rating will be negatively affected
• your loan will be sent to a collection agency
• any GST or income tax refunds you are eligible to receive will be automatically used to repay your defaulted loan
• the provincial and/or federal governments may take legal action against you

Making regular monthly payments will help you establish a good credit rating.