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.


  New Posts New Posts RSS Feed - 10 years has passed
  FAQ FAQ  Forum Search   Register Register  Login Login


Forum Locked10 years has passed

 Post Reply Post Reply
Author
Konigo View Drop Down
Newbie
Newbie


Joined: 12/December/2005
Location: Canada
Points: 1
Post Options Post Options   Thanks (0) Thanks(0)   Quote Konigo Quote  Post ReplyReply Direct Link To This Post Topic: 10 years has passed
    Posted: 12/December/2005 at 5:39am

 

Hell ,

My 10 years limitations has passed 3 months ago. My student loan was not included in my bankcruptcy when I filled it 2001. Anybody know the procedure to ask the court to discharge my student loan ?

My original was 50.000 and I bring it down to 38000 now....but I am still having a hardship

I talked to my trustee, but he could not offer me a help ....

Please help me....  I am in Toronto

Thanks

 

 

Back to Top
Sponsored Links


Back to Top
countrygirl2094 View Drop Down
Groupie
Groupie
Avatar

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 Posted: 12/December/2005 at 8:12am
I called my trustee with this very question.  He told me I would have to file bankruptcy all over again. 
Back to Top
BigFatherA View Drop Down
Groupie
Groupie
Avatar

Joined: 21/September/2003
Location: Canada
Points: 253
Post Options Post Options   Thanks (0) Thanks(0)   Quote BigFatherA Quote  Post ReplyReply Direct Link To This Post Posted: 12/December/2005 at 1:23pm
Of course - he gets another $1500 or so out of you, and if you can't prove hardship (i.e. you NEVER will be able to repay sometime between now and the second coming) your student loan may not be discharged even after 10 years (now 7?).  
BigFatherA
Priest & Teacher
non carborundum illegitemi est
Back to Top
SolveStudentDebt View Drop Down
Moderator Group
Moderator Group
Avatar

Joined: 05/November/2003
Location: Canada
Points: 5996
Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 12/December/2005 at 3:16pm

Face it folks. The bankruptcy trustee(s) is in it for the cash - and nothing but. Otherwise, they would do something to really help you out. They preachthat they are there to help you. But if you ask for help that makes them work, or could somehow expose their ineffectiveness, this is what you get.

Johnny

 

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

solvestudentdebt.com
Back to Top
Staretz View Drop Down
Groupie
Groupie


Joined: 20/November/2004
Points: 120
Post Options Post Options   Thanks (0) Thanks(0)   Quote Staretz Quote  Post ReplyReply Direct Link To This Post Posted: 04/February/2006 at 7:05am

there is at least supposed to be a procedure wherebyyou can apply to have your student loans included in your banklruptcy once the 10 year limit has passed.  whether this is still true I dont know.  What will happen if and when the C-55 changes come into effect is sheer speculation.  at least in terms of people who went under prior to its passing who did not have their student loans included in their bankrutpcies and havent reached the 10-year moratorium yet.

 

disclaimer:  No claims of experties are expressed or implied in the making of this post.

Back to Top
 Post Reply Post Reply

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 12.07
Copyright ©2001-2024 Web Wiz Ltd.