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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albertagirl View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote albertagirl Quote  Post ReplyReply Direct Link To This Post Posted: 25/June/2007 at 1:34pm
Thanks for the link Hippy!!!
There is hope! Keep the faith, believe in yourself, and most importantly, when you are threatened, remind yourself that YOU DO HAVE RIGHTS, and that NO ONE can take those away. NEVER AGAIN.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote findpeace&calm Quote  Post ReplyReply Direct Link To This Post Posted: 01/October/2007 at 11:48pm
I am sorry, but I cant believe anyone would suggest RAISING the cost of tuition?! That is insane.  Ludicrous!
 
I myself, was a straight A student in University, actually the only good thing I got out of university were reference letters from professors with glowing reviews on my intelligence (do not mean to brag, but I have it in writing) they said I was an excellent candidate for graduate school.  But of course that never panned out.  I have 3 years of university with a debt load of $30,000.  I was forced to leave school because of bankruptcy due to consumer debt (house, etc).
 
I worked full-time also, raised 4 kids and still got straight A's with a full course load.  But where has my intelligence got me - no where, now I am stuck with this debt and no completed education because I can absolutely not afford to finish it, I cant even afford to pay them back what I do owe!
 
University used to be affordable back in the early 90s when I first started.. what happened? 
 
Education should be free - to give everyone a fair chance.  The system is set up for the rich folk, the lower class do not have a fighting chance - believe me I have tried to get out of my historical poverty class and actually in University this was my main focus, helping change poverty, but alas....I pretty much give up on trying to save the world - no more fight left in me. 
 
 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Bech Quote  Post ReplyReply Direct Link To This Post Posted: 21/November/2007 at 6:22pm

Once you are in a position to make payments you should be able to go back into good standing and revive your credit rating. But the way I understand it once you slip below the line into default your f**ked until you pay the amount owed in full. And I suspect this site of being in bed with Johny.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 21/November/2007 at 6:41pm
Yep, this site sleeps with him every night it can. But he snores and farts so I have trouble sleeping so I go back home! :) And my girlfriend is far more attractive so I'm happy when I get home... Sorry, no offence meant Johnny! :)

But to address your point, yes it is unfair that the actual laws regarding rehabilitation are not followed. Once in default, you cant get your loan recalled even though its says paying the outstanding interest and making 6 payments restores the loan.

But the collection agency doesnt want to lose its commission so it doesnt happen. And the NSLSC doesnt want to take the loan back cause they'd incur costs to maintain your file.

Also, the credit rating is screwed for 6 years after you pay the loan. Its completely unfair and I totally agree with you.

I sense you are not happy with my recommending Johnny. Johnny is a completely separate business entity. I endorse Johnny because he is the only person I know of who can work the issues for people. My recommended advocates forum is open to postings, but no one else has ever been recommended there. On the other hand, I have received messages about trustees who have provided incorrect info that led people down the wrong path.

It would be improper for me to not let people know about him. And keep in mind that I run this site as a volunteer. I dont make any money from this site. Membership is totally free. I had an offer to sell it once but refused.

Your point about these rules being unfair is totally justified. Please check out the work at the Coalition for student loan fairness at http://www.studentloanfairness.ca    

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Mark OMeara
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https://LaughSingWrite.com - http://bit.ly/heal2024
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Bech Quote  Post ReplyReply Direct Link To This Post Posted: 21/November/2007 at 6:43pm
thanks marc
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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 21/November/2007 at 6:55pm

Thanks for the idea.. I've sent this email off to HRSDC - I'll let you know if we get anything back.


The student loan regulations state that if a borrower pays off all outstanding interest, and makes six payments, the loan is rehabilitated. Could you please inform me of the process involved in getting a rehabilitated loan transferred from a collection agency back into non-default status with the NSLSC, and having the information on their credit bureau changed to reflect the fact that the loan is rehabilitated?

It seems that these rehabilitated loans are still being counted as defaults, even though they have been rehabilitated under the legislation. I would appreciate your clarification on this matter.

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Author of Let Go and Heal: Recovery from Emotional Pain
https://LaughSingWrite.com - http://bit.ly/heal2024
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Post Options Post Options   Thanks (0) Thanks(0)   Quote foreverindebt Quote  Post ReplyReply Direct Link To This Post Posted: 14/April/2009 at 4:45pm
Originally posted by administrator administrator wrote:


Thanks for the idea.. I've sent this email off to HRSDC - I'll let you know if we get anything back.


The student loan regulations state that if a borrower pays off all outstanding interest, and makes six payments, the loan is rehabilitated. Could you please inform me of the process involved in getting a rehabilitated loan transferred from a collection agency back into non-default status with the NSLSC, and having the information on their credit bureau changed to reflect the fact that the loan is rehabilitated?

It seems that these rehabilitated loans are still being counted as defaults, even though they have been rehabilitated under the legislation. I would appreciate your clarification on this matter.



I take it you never got a response as none is posted here ...
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Post Options Post Options   Thanks (0) Thanks(0)   Quote wrennard Quote  Post ReplyReply Direct Link To This Post Posted: 03/February/2010 at 9:40am
Tax Credits on what you pay yearly to reduce school related debt. Both Government assistance debt, and lines of credits/loans from banks for education purposes. This would ease the stress of repaying student loans and help maintain a decent quality of life while repaying.
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