My husband has a student loan that has been in collection for a few years. He is VERY irresponsible with money, and has not made much headway in paying it off. Does anyone know if a student loan can be cancelled after a certain amount of years, or would he have to file for bankruptcy to get rid of it? This loan is from Quebec, but we now live in Ontario. Our house is in both of our names, and I don't want this to affect me. Also, if his credit is really messed up, will this affect us when it is time to renegotiate our mortgage?

In America student loans are not like other loans. If they are federal loans they will garnish your wages to collect their money. They will also take any federal income tax return money to collect their loss. As for refinancing your home I'm sorry to say that you may come out better leaving his name off. If your are looking to refinance immediately you will have to leave his name off in hopes of getting a competetive rate. He can fix his credit in a few years. Talk to a credit counselor. Not one of those companies that claim to be able to clear your credit in no time for ninety nine USD. Hope this was helpful. Please rate my answer if it helped you.