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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Amer786 View Drop Down
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    Posted: 07/February/2006 at 3:37am
My consumer propoal will be completed July 2007 (I know iti s not the immediate future), I have a few issues/question:

My wife and I want to purchase a house, but the Bank refuses to put me on Title because of my CP.  My credit score is about 560 and my wife's is 670.  I am able to get help for my downpayment from family.  I am considering putting the house name in my wife's and mother-in-law's name for the time being. 

1. How long will have to wait until my credit has cleared up enough to have the house in my name.

2.  Am I better off waiting until I can buy a house in my name (maybe 2010?)?

3.  Have people faced a situation simular to mine(house purchase), how have they got around the issues, comments would be appreciated.

4.  This is especially for Johnny.  Even when my CP is complete, I am sure to be expecting a call from HRDC for the collection of the survived portion of my OSL and CSL, but I want to try and make arrangements before hand so that I can start making payments after my CP has been complete.  How far in advance do I need to contact you etc, so that I can avoid the dreaded collection calls?
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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: 08/February/2006 at 4:30pm

Amer,

You could succeed in your goals here but you have to be very careful - and most importantly - be able to navigate yourself through it all.

I can see how things could work out but I would need to really assess your situation to make an accurate call.

You can call me whenever you like. No worries. Just don;t stress it and make any moves without first seeking help.

Johnny

johnny@cfwgroup.ca

 

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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Amer786 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Amer786 Quote  Post ReplyReply Direct Link To This Post Posted: 09/February/2006 at 2:59am
Johhny which goals are you referring to, my house ownership goals or my student loan debts?  When is the best time to call you with reference to each.  For student loans, am i better served to call you a few months before my proposal is due to be completed?  Just trying to plan things out.  Like you said, I want to be careful in what I am doing.  My more immediate goal is getting a house in my name despite my CP and my FICO.  Can you help with regards to this?  What would you have to know?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 09/February/2006 at 7:09am

All of your goals described above.

You can call us anytime you like. 902-876-3814.

Johnny

johnny@cfwgroup.ca

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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