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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kaz_z View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote kaz_z Quote  Post ReplyReply Direct Link To This Post Topic: Interest Monkey
    Posted: 19/September/2005 at 5:38am
I'm living in BC and had my loan since '91.  The debt has gone to a collection agency and would like to know if there is any way to get this monkey off my back and get rid of this depressing interest problem.
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SolveStudentDebt View Drop Down
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Joined: 05/November/2003
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 19/September/2005 at 4:16pm

Hi,

If you are experiencing difficulty with the debt and the collection process, we can help you better manage it - and get you back in control of things.

Deal with the problem and the rest will sort itself out in the long run. Contact me if you would like help. 866-239-7889.

Johnny

www.cfwgroup.ca

www.cfwgroup.ca/forum

 

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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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 19/September/2005 at 6:53pm
Kaz,
John is the best person to look after something like this...

Mark
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Post Options Post Options   Thanks (0) Thanks(0)   Quote redtoys Quote  Post ReplyReply Direct Link To This Post Posted: 31/July/2010 at 3:21pm
i went there and could not get to the page i needed. i have a grant over award that was put on me that i can not repay. do you think they can help me?
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