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.


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Forum LockedWill it hurt me in the end?

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countrygirl2094 View Drop Down
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Joined: 24/June/2004
Location: Canada
Points: 71
Post Options Post Options   Thanks (0) Thanks(0)   Quote countrygirl2094 Quote  Post ReplyReply Direct Link To This Post Topic: Will it hurt me in the end?
    Posted: 03/November/2004 at 4:48am

I've been struggling with the concept of using the 10 year rule.  I have been out of school since April of '94.  I went bankrupt in 2000.  I know that I would probably qualify to have my debt included in my bankruptcy of 2000.  But here is my dilemma.  Earlier this year, my husband won a settlement.....with which he used the money to pay off his debts and buy us a house, truck, and a few toys for himself (boys and their toys, lol)  Now the money is obviously gone, but we have no debts (just MY CSL, and it wasn't his debt to pay, but mine)

1.Would including my csl on my bankruptcy hurt his assets in any way?

2. Will they look at the fact that my husband got a settlement, so why didn't we pay off my CSL?

3. Will the fact that my name is on the house too hurt me?

4. If I can have my CSL included on the bankruptcy, how does it sit in my credit report?  Does it show as still owing it?  If so for how long?

Once I get these things figured out....if it's in my best interest......I would definately have my CSL included, and you can bet I would hire Johnny to do it.  But I need some peace of mind, cause I don't want to hurt my husband in the process.  Or our house.  Any ideas?

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