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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Forum LockedEdulinx loses student loan contract!

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    Posted: 24/December/2006 at 7:46pm
From Globeandmail.com

Resolve wins contract to handle student loans
CP

Resolve Business Outsourcing Income Fund has won a five-year, $270-million contract to handle Canada's student loans program for Human Resources and Social Development Canada. Resolve, which has been handling part of the loans program since 2002, has now been named the exclusive partner and will manage a direct loan portfolio of $6.8-billion, with about 1.6 million borrowers involved in repayment. Also this week, the company announced it had signed a significant long-term contract to provide credit card administration and call centre services to President's Choice MasterCard, which is part of the financial services offered through Loblaws supermarkets across Canada. Financial terms were not disclosed but the deal is said to be worth tens of millions of dollars to the company. RBO.UN (TSX) rose 90 cents to $8.30.

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