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 Locked10 year clock reset by CCRA payment?

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terrym View Drop Down
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    Posted: 20/February/2005 at 5:35pm

Can anybody verify if having your income tax refund clawed back by Rev Can and applied to your student loan debt causes the clock to be reset on the 10 year rule?  For example, if 2004 refund was clawed back, does that mean HRDC can pursue you until 2014, even if you graduated in 1990?  Please advise.

trm
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SolveStudentDebt View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 20/February/2005 at 5:59pm

 

 I am assuming you are referring to the 10 year bankruptcy limitation period. If so, then income tax liens have nothing to do with those statutes.

 Thinking of bankruptcy?

 Best of luck to you.

 

 

Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

solvestudentdebt.com
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agentsly007 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote agentsly007 Quote  Post ReplyReply Direct Link To This Post Posted: 30/July/2007 at 2:35pm

I graduated back in April of 1997..By the looks of it it's already been passed 10 years so does that mean that my loan becomes stats barred even though I began paying the Collection agencies just 4 years?

 
can someone shed light on this for me??? PLEASE
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 31/July/2007 at 1:38am
When was your last payment made? HOw long have you waited to pay since graduation?
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

solvestudentdebt.com
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agentsly007 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote agentsly007 Quote  Post ReplyReply Direct Link To This Post Posted: 31/July/2007 at 5:27am
I started paying NCO and CBCL in 2003 but I graduated in April 1997. So far I have been giving them whatever I could for the past 4 years and I even increased my amount whenever I could. I really don't understand the statutes of limitations or this statts barred thing and when does it start and end..
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Post Options Post Options   Thanks (0) Thanks(0)   Quote DB1972 Quote  Post ReplyReply Direct Link To This Post Posted: 31/March/2008 at 9:56am
I didn't need any luck when i did it.
 
ten years and one month after graduating....i filed bk....waited nine months got my auto discharge....didn't hear a word the the student loans people. i'm not in poverty, not disabled. i just got rid of them and bk was the best thing i ever did. it was easy. virtually no affect on my life, i got a unsecured credit card three months after the discharge, renewed my mortgage......no problem....decent rate.
 
the best thing i ever did.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 31/March/2008 at 11:46am

People who are bankrupt are those who have no ability to pay debt, and are unable to ever repay debt that is owed. You got lucky.

Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

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