This website is a testimony to the problems Canadian Student Loan borrowers experienced from approximately 1996 to 2008 and until their loans were paid off.

The privatization of the Student Loans system by the Chretien and Martin Liberal governments broke the system and defaulted thousands of borrowers who were trying to pay their loans. There were even stories of suicide due to the harassment of borrowers.

Read the report that I prepared back in 2007 here. Canada Student Loans-The Need for Change Fortunately the new Conservative government at the time revamped the program and fixed the system for new borrowers, but borrowers under the previous program were left with ruined credit and continued harassment from debt collectors.

I call on the Canadian Government to apologize to the borrowers affected by this fiasco and make amends.

Unfortunately the Liberal government is again clobbering the Education system with their upcoming changes to International Student Visas. Yes, there's a problem, but instead of a well thought out plan, they have pulled the emergency brake on the train causing a derailment. This has introduced unprecedented instability for both private and public education institutions who serve both international and local students.

Universities can't plan. I've heard of courses being cut because the government has no process in place for universities to send the newly required acceptance letters to the government.

This means that students who have been accepted can not attend courses that start in the summer 2024 semester. With cut sections, current Canadian students will have trouble getting courses, and may have to switch to part-time which changes their enrollment status and might trigger repayment of their loans or ineligibility for funding. I've seen this before. It wreaks havoc on the student loan borrowers.

Again, the Liberal government has messed up the education environment. Will the new system needed in a rush for the acceptance letters be the new Arrivecan scandal?

I call on the government to implement a slower phased in approach and delay the requirement of the acceptance letters until a process is in place to submit these letters.


  New Posts New Posts RSS Feed - They Called me at work
  FAQ FAQ  Forum Search   Register Register  Login Login


Forum LockedThey Called me at work

 Post Reply Post Reply
Author
Student View Drop Down
Newbie
Newbie


Joined: 14/July/2004
Points: 3
Post Options Post Options   Thanks (0) Thanks(0)   Quote Student Quote  Post ReplyReply Direct Link To This Post Topic: They Called me at work
    Posted: 14/July/2004 at 9:05am

I am a bit frustrated because NCO called at my working place and telling to sell my bed, and do garage sale to sell any thing to give them the money they want.

They called my apartement and asked my wife about our finances, they wanted to know how much we earn and how much we spend.

Yesterday they called me to ask me my paystubb, should I send them this information?

I only owe them k20000 from royal bank.

Please can anyone help me deal with issue.

Back to Top
Sponsored Links


Back to Top
Blue. View Drop Down
Senior Member
Senior Member
Avatar

Joined: 17/May/2004
Location: Canada
Points: 168
Post Options Post Options   Thanks (0) Thanks(0)   Quote Blue. Quote  Post ReplyReply Direct Link To This Post Posted: 14/July/2004 at 9:16am

1. Fax & mail a registered letter indicating that you only want written correspondence from now on. Keep the fax and letter receipt.

2. Next time they call, remind them that by asking your wife about YOUR finances, they are breaking the law--they can't talk to another party about your debt unless you've given them permission to do so.

3. I wouldn't send them my paystub for all the money in the world.

Back to Top
Student View Drop Down
Newbie
Newbie


Joined: 14/July/2004
Points: 3
Post Options Post Options   Thanks (0) Thanks(0)   Quote Student Quote  Post ReplyReply Direct Link To This Post Posted: 14/July/2004 at 11:18am

Now they are telling me that, if I pay a lump sum of money my creditors will accept and drop the remaining amount of money. they are asking to give them $10k and the creditors are going to forgive the reaminig. Is this true? Sorry small english I speak french.

Is it good idea to find this money and give them? is it feasible? Please someone help the student.

Merçi

Back to Top
Blue. View Drop Down
Senior Member
Senior Member
Avatar

Joined: 17/May/2004
Location: Canada
Points: 168
Post Options Post Options   Thanks (0) Thanks(0)   Quote Blue. Quote  Post ReplyReply Direct Link To This Post Posted: 14/July/2004 at 11:50am

Get the offer in writing, Student.

From what I understand, it is not unusual for creditors to accept a smaller sum because they earn a commission on what they collect and it's not too much work.

Your English is fine.

Back to Top
 Post Reply Post Reply

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 12.07
Copyright ©2001-2024 Web Wiz Ltd.