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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Joined: 30/November/2006
Location: Canada
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Post Options Post Options   Thanks (0) Thanks(0)   Quote debtbattle Quote  Post ReplyReply Direct Link To This Post Topic: Any Advice???
    Posted: 02/December/2006 at 6:36am

Greetings,

My name is John. In 1998 I applied for a student loan to attend studies at a college in Edmonton, AB. I was approved for both a federal student loan and a provincial student loan, the combined total was approx $3000.00. The portions of these loans given to me to cover living expenses etc. was approx $1200.00. I had attended the "orientation class" and that was the only time I attended a class. I had been incarcerated and had not taken advantage of any programs to ammend the debt while I was incarcerated, as in applying for "interest relief" or even simply withdrawing myself from studies and subsequently having the tuition returned to CSL. Ultimately I was withdrawn by the College, assumingly by reason of attendance. During my incarceration and subsequennt release 7-8mths later, I have not heard anything from CSL/Bank etc. regarding my attendance, debt etc. This silence by all parties involved continued for approx 1-2yrs. Nor have I made a single payment to CSL/Collection company. I simply cannot. I then started getting calls at my parents house in British Columbia. The calss their seized for a period of 2-3yrs or so. Eventually By a miracle I started getting into talks with a collection agency (approx 4yrs after) and they continued for awhile, then seized. now, 2006 I have been victimized by intimidation and harrassment by arrogant collectors. Does anyone have any advice in accordance with any aspect of my situation? please help.

 

Regards,

 

John

Regards,


John

jsapach@****
British Columbia, Canada
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