Ask Bill your personal finance question

Residential School Settlement

Do you loan to people who are expecting a residential school settlement?

Do you loan to people who are expecting residential school settlement?

Read full question
Bill's Answer
(5 Votes) | Find Learn Save

According to the Indian and Northern Affairs Canada Web site, the Indian Residential Schools Settlement Agreement provides for a "Common Experience Payment," which is a lump sum payment paid to former students who lived at Canadian residential schools for aboriginal people. Payments are $10,000 for the first school year plus $3,000 for each school year after that. The settlement agreement also includes an assessment process that will allow those former students who suffered sexual or serious physical abuses, or other abuses that caused serious psychological effects, to apply for compensation.

The loans savings center is designed for people in the US, and connects borrowers to pre-screened lenders. Therefore, cannot help people expecting residential school settlements.

I hope this information helps you Find. Learn & Save.



Get Debt Help!
(5 Votes)

People also like to Read

Mark Cappel

Debt Relief | A debt relief loan can actually reduce your debt. Discover your loan options and where you can find a loan...... Read more >>

Betsalel Cohen

Unsecured Personal Loans | Unsecured personal loans are offered by big lenders and many sites online. If you have bad credit,... Read more >>

Daniel Cohen

DTI: debt-to-income ratio | Your debt-to-income ratio affects whether you will be approved for a loan or not. Make sure that ... Read more >>

Betsalel Cohen

Low Interest Personal Loans | Personal loans are an alternative to credit cards. You will need good credit and stable income,... Read more >>


1500 characters remaining