Introducing the only Alberta-based non-profit credit counselling agency.
We’ve helped thousands of Albertans repay their student loans and become debt free in 10 years or less.
- Exclusive Provider of the OPD Program
- Affordable and Stress-Free Student Loan Consolidation
- Personalized Guidance and Support
- A Positive Alternative to Bankruptcy
“The strain and stress on our immediate lives changed almost overnight.”
Ron H | Verified Google Rating
Years serving Albertans
More than 28 years
Helped Albertans Pay Back
Over $450 million
Albertans Helped
Over 200,000
We'll reach out—just tell us when works for you.
Money Mentors' certified financial counsellors are available Monday to Saturday, including Monday to Thursday evenings.
Contact Form
One Simple Monthly Payment
Combine federal and provincial student loans with your other unsecured debts into one manageable monthly payment at a fixed 5% interest rate.
Protection from Creditors
Collection calls stop, wage garnishments end, and you gain financial peace of mind while repaying your loans.
No Set-Up Fees or Hidden Charges
Zero upfront costs make it easier to manage your student loans without additional financial stress.
Expert Guidance & Free Resources
Learn practical strategies for paying down your loans faster with access to free financial education, budgeting tools, and ongoing support.
What Our Clients Have To Say
“Today I finished paying off my OPD program debt! I can’t thank Yve Boucher and the others on the Money Mentors team enough for all of their guidance. Throughout the 2 years that I worked with Yve she was always a call or an email away and I received guidance when I needed it and in a timely manner. I recommend Money Mentors to anyone that is struggling to get back into good financial shape. Shanae!! Meara Unfortunately, the debt was created by my half sibling and my father from stealing and reselling my property and not paying my bills and stealing my profits. So that’s awesome.. sometimes it’s not your fault.”
“Sharon’s ability to breakdown complicated business topics into easy to understand concepts is second to none! Her support has elevated my business acumen and I’m grateful for her guidance, mentorship, and wisdom. Thank you for the amazing work you do!”
“I am ashamed to be writing this review so many months after receiving the wonderful and timely advice from Alexander Martin, Counsellor with Money Mentors, Calgary, Alberta. I contacted him after carefully reviewing their website, back in November of 2024, and he graciously and extremely patiently explained the various aspects of handling my personal debt. I was so ashamed for allowing myself to fall into this trap of credit card debt. I should have known better. And for that reason, I was adamant that I needed to pay off the debt myself. I was not prepared to forgive myself for the fact that had I not been diagnosed with 3 types of cancer in 2016 and forced to quit work, I would have been able to meet my own commitments, but I chose to remain angry, lonely, and growing further in debt with increasing interest fees monthly. I was 75, and if I could just get a part time job... but after a whole year of applications and job fairs, that was not to be. Alexander was so kind; he explained the facts, and how so many Canadians fall into this trap annually, whether through illness, bad choices, job loss, or whatever other circumstance. He eased my guilt, and allowed me to see the light again. While Money Mentors does not handle the particular solution to my own problem, he was the guiding light on my journey towards the rest of my life and freedom. I did not bite the bullet finally until August of 2025, by the time I selected a Trustee to work with, but I am now well on my way. Thank you Alexander; I could not have done it without you! Barbara”
Why Money Mentors?
The Only Alberta-Based Non-Profit Credit Counselling Agency
We’re proudly Alberta-based and committed to helping our communities—not shareholders. As a non-profit, your success is our bottom line.
Local Experts Who Understand Your Reality
Our Certified Financial Counsellors live and work in the same towns and cities you do. We understand Alberta’s economy, cost of living, and the unique challenges facing students and graduates.
More Than Just Student Loan Help
From budgeting and money coaching to financial literacy programs in schools, we’re here to help Albertans of all ages build lifelong money skills.
Government-Approved Orderly Payment of Debts Program
We’re the only organization in Alberta authorized to offer this unique program that consolidates your student loans and other debts into one affordable monthly payment.
What is the Orderly Payment of Debts (OPD) program?
Graduating with student debt is normal—but when those loans become overwhelming, it can feel impossible to move forward. That’s where Money Mentors can help.
We offer the Orderly Payment of Debts (OPD) program, a federally legislated solution under the Bankruptcy & Insolvency Act (BIA), monitored by the Province of Alberta.
With the OPD program, you can consolidate your student loans along with other unsecured debts into one easy repayment plan at a fixed 5% interest rate. Most clients are debt-free within five years.
As Alberta’s exclusive provider, Money Mentors helps students and graduates take control of their debt—without bankruptcy and without losing their assets.
4 Steps to Becoming Debt-Free
Step 1
Speak With a Certified Financial Counsellor
Connect with a non-profit financial counsellor for a confidential, no-obligation conversation. We’ll review your student loans, other debts, and financial goals.
Step 2
Explore Your Options
You’ll receive unbiased advice on repayment options—from loan forgiveness and repayment assistance to consolidation through the OPD program.
Step 3
Build Your Plan
Together, we’ll create a personalized repayment strategy that fits your lifestyle and helps you pay off debt faster.
Step 4
Start Living Debt-Free
With a plan in place, you’ll gain peace of mind and see progress month by month. We’ll provide ongoing support and free resources to help you succeed.
How David Paid Off $36,000 of Debt to Regain Financial Freedom
How Cheryl Created a Debt-Free Future for Her Family
How the Orderly Payment of Debts Alberta Helped This Father Pay Off $60K in Payday Loan Debt
What's the difference between the OPD program and bankruptcy?
What debts are covered under the OPD program?
Federal student loans
Provincial student loans
Credit cards & lines of credit used for education
Personal loans or overdrafts
Other unsecured debts (phone bills, payday loans, etc.)
Benefits of consolidating student loans through the OPD program
- No start-up fees
- Fixed 5% interest rate
- Federally legislated
- Protection from collection action (calls & wage garnishments stop)
- Access to a financial counsellor for support every step of the way
- All unsecured debts—including student loans—consolidated into one payment
- Free financial education and seminars to help you budget, save, and pay off debt faster
Frequently Asked Questions
What is the OPD program?
The OPD program is a federally legislated debt consolidation program, monitored by the Province of Alberta, that helps individuals repay unsecured debts (including student loans) through a structured repayment plan with a fixed 5% interest rate.
How does the OPD program help with student loans?
It combines your student loans and other unsecured debts into one manageable monthly payment, helping you avoid default and reduce interest costs.
What types of student debt are covered?
Both federal and provincial student loans, as well as credit products used to fund education.
How is the OPD program different from bankruptcy?
Unlike bankruptcy, the OPD program allows you to fully repay your debt while keeping your assets. It also has a lower impact on your credit—staying on your report for only two years after completion.
Are there any start-up fees?
No, there are zero upfront costs to join the program.
What additional support does Money Mentors provide?
We offer free financial education, budgeting help, and one-on-one counselling to help you stay on track and reach your financial goals.
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