OSAP debt payment advice
OSAP debt: $44,000
TFSA total: $47,000
Available cash: $10,000
We have an additional +$60,000 of cash but can't use it to pay off OSAP (not in a Canadian bank).
We were thinking of paying off half of the OSAP ~$22,000 then asking for reassessment of monthly payments (would likely decrease to between $200-300/month). So we'd have to take out $12,000 from TFSA to add to the $10,000 available cash. Does this sound like a good plan?
We both have full-time jobs, would like to make real estate investments within the next 2-ish years, would be nice to buy a car soon as well.