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 LockedDenied again, again they’ve made error!

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markomeara View Drop Down
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Joined: 30/May/2002
Location: Canada
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Post Options Post Options   Thanks (0) Thanks(0)   Quote markomeara Quote  Post ReplyReply Direct Link To This Post Topic: Denied again, again they’ve made error!
    Posted: 16/August/2002 at 8:47pm
I spoke with HRDC this afternoon. My claim has been denied
again. This time they have provided a more detailed explanation.

As mentioned last week, they have accepted my disability. What remained was to assess my finances for undue hardship and ability to pay.

I was advised me they review financial statements, assets and income and then use the superintendent of bankruptcy Surplus Income table for hardship, HRDC says this sets the threshold income to determine financial hardship.

This table sets the threshold income at $1602 gross income. If you earn above $1602 there is no hardship, below, there is.

Since my gross earnings were $2100. I am disqualified.
Further, she said they look at the long term situation. Since I am on OPD, and my doctor says that I will not likely get worse, they say they can assume that I will be able to make the minimum OPD payment of $25.

Here are my comments:
I advised her that she is misusing the bankruptcy regs. It is not a hardship threshold. It is a threshold for determining payments to creditors. Anything above $1602 gets sent to the creditors while you are bankrupt.   According to my trustee, the $1602 was net income not
gross. Also, the $1602 doesn?t include debts that are not discharged ie student loans. In bankruptcy hearings the student loan payment would be added to the $1602.

I paraphrased, and said. So if you make over $1602 and your loan is $2000 you would be disqualified. If you make over $1602 and your loan is $30000 you would still be disqualified. So they claim it doesn?t matter how much your payment is. If your loan is make 1601 and you owe
$2,000 you would qualify? and if you make 1601 and your loan is 30000 you would still qualify. I told HRDC this doesn?t make sense.


They are incorrectly using the ?surplus income calculation ? of section 68 of the bankruptcy act. This section does not set out criteria for hardship.

I will confirm with the superintendent of bankruptcy that this is net income. Also, I will confirm that un-discharged debts (loan payments) and medical expenses would be added to this amount.

Regards,
Mark

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