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 and bank info?

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dams View Drop Down
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    Posted: 06/April/2005 at 2:33pm

Has any one had any dealings with giving infomation about thier personal bank account or authorizing direct payments over the phone?

 I had a collector ask for bank info and an authorization for withdrawls - I guess I am concerned if they get that info if they can and will abuse it like take out more maney the specified or probe account info. If they recieved post dated checks - would that not be the same info?

I currently make payments via internet but the want a 'secure' payment - whatever that means when I consistently pay every month even though it is not the amount they are after.

Any thoughts on this matter would be apprciated

regards

dam

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kwelmm View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote kwelmm Quote  Post ReplyReply Direct Link To This Post Posted: 06/April/2005 at 2:50pm

dams,

Use the payment method you feel the best about.  Continue as you are with how you are making those payments.  I use money orders as I feel that is the best for me.

It sounds to me like another attempt to control the situation on their part....I could be wrong though....

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