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  1. O

    Will student loan have a negative impact on Proof of Funds

    Thanks for your reply! That's so weird because I did have a letter of explanation, but they still flagged my app and have given me 30 days to explain. Guess I'll make it clear that the student loans didn't go into my savings account and they will be paid off with future income, and hope for the...
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    Will student loan have a negative impact on Proof of Funds

    Hi @UnitedBaller , I see from your various posts that your PR application was approved. Did the student loans prove to be an issue? I am in a similar situation where my POF is above the required without loans, but the analyst seems to have subtracted my loans from my assets, and I was told I...
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    PR Rejected Due to Student Loan

    I thought I met those requirements... The money I have shown in my checking accounts was not from the student loans - the loans were applied directly to my tuition. Since they are private student loans there isn't a lien on my bank accounts either. Finally, I just checked and repayment does...
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    PR Rejected Due to Student Loan

    The reason was that they did not think I meet the minimum requirements for available funds. They weren't satisfied that I had sufficient liquid and transferable funds at my disposal.
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    PR Rejected Due to Student Loan

    Hello, My application for PR under FSW was recently rejected due to my student loan. I had $60k CAD in my bank account, with a student loan of $70k that had to be paid off by 2040, payments for which would only begin in 2022 (currently under deferment). While I understand that with the total...
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    Rejected due to student loan

    Hey mpgSL, Did you appeal your decision? Did you hear back? I am in a similar situation. Thanks!