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 LockedNCO - very rude

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smilesinca View Drop Down
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Joined: 10/December/2004
Location: Canada
Points: 5
Post Options Post Options   Thanks (0) Thanks(0)   Quote smilesinca Quote  Post ReplyReply Direct Link To This Post Topic: NCO - very rude
    Posted: 17/February/2005 at 4:46am
NCO drove me to seek out help, after they scammed me out of $400
bucks. They lied to me, said I had to pay everything off today!! They
were insane, told me to borrow money from my friends, take out a loan
and even called a neighbor to try and get him to give me a message.

No fear, I found this site and thanks to John LeBlanc (CFW Group) for his
help with my outstanding student loans. NCO is not harassing me any
more and I am going to offer them half of what I owe just for the stress
they caused me.

Best regards,

Smiles
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lugarou View Drop Down
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Joined: 09/February/2005
Location: Canada
Points: 51
Post Options Post Options   Thanks (0) Thanks(0)   Quote lugarou Quote  Post ReplyReply Direct Link To This Post Posted: 17/February/2005 at 5:25am
Here's a weird thing with NCO.

They also scammed me out of $300 "good faith" money. But then I noticed on my online banking record that $300 was applied to my loan. So 1 truth point for NCO. They also told me that my online bank record on my SL wasn't being updated therefore would not reflect the "interest charge" of $2k that they are tacking on. 2 big fat lie points for NCO. Anyways, if the bank is recording the payments then I'll just try to pay the bank. No reason to perk up anyone's day at that evil company (referring to NCO, but I guess my bank fits too).
Did I mention I'm a Drama Queen?
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