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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Trinthakas View Drop Down
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    Posted: 10/March/2008 at 12:38pm
    In 2002 i took a upgrading class in order to enter into an aircraft maintenance program. Now i paced the class but my gpa apparently wasn't enough to recieve OSAP for the coarse but was high enough to get excepted into it. So i quit not being able to afford the coarse out of my own pocket and since i live in a city were jobs are scarce i had to go on assistence for some time before i found a job and was unable to make payments on my loan. I did apply for relief after i was out of college but was told that because i did make any payments in the first 3 months of being of school i was not eligable

    Now i been working and apprenticing at an appliance repair shop paying for the tech coarse out of my own pocket i have been there for about 4 years now and in this 4 years a company called Collect Corp has been hounding me about payments they even threatened to take me to court. I didn't make much money when i started and could only pay them $ 50 a month since then the owner's have retired and split the business between their 2 kids. I only make $115 a week now and i have a family to take care of and feed Collect Corp's interst is 1.2646% daily plus 8.5% a month.

    At $50 a month i'm not getting anywhere thats money i could be using for my new baby son plus they are taking my income tax from me as well and in a month what ever they took doesn't even help they amount just goes up plus. I cant keep this up anymore
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SolveStudentDebt View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 11/March/2008 at 3:37am
If you ae making only $115 per week, you can't afford to pay them. Who are they collecting for?
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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Post Options Post Options   Thanks (0) Thanks(0)   Quote Trinthakas Quote  Post ReplyReply Direct Link To This Post Posted: 11/March/2008 at 2:44pm
They are collecting for OSAP as i understand
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 12/March/2008 at 4:01am

Call me and I will show you how to handle this.

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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Post Options Post Options   Thanks (0) Thanks(0)   Quote Trinthakas Quote  Post ReplyReply Direct Link To This Post Posted: 12/March/2008 at 3:47pm
whats the number and area code Johnny
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 13/March/2008 at 1:43am

Call me at 902-835-1210. Or, write to me here:

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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Post Options Post Options   Thanks (0) Thanks(0)   Quote thundercat Quote  Post ReplyReply Direct Link To This Post Posted: 13/March/2008 at 10:51pm
"Collect Corp's interst is 1.2646% daily plus 8.5% a month."  WOW! That's worse then a loan shark!!!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 14/March/2008 at 1:22am
That isn't Collectcorp - that rate belongs to the one you owe. Remember, they just calculate it for their client (your lender).
 
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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Post Options Post Options   Thanks (0) Thanks(0)   Quote Trinthakas Quote  Post ReplyReply Direct Link To This Post Posted: 14/March/2008 at 4:50am
Yea i would have been better off going to a loan shark at least he would just broke my leg's. I'll give u a call after work today Johnny 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 14/March/2008 at 5:45am
email if you can;t reach me by phone.
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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