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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    Posted: 19/October/2009 at 5:58am

I defaulted on my student loans.  I know this is my fault but finacial circumstances made it so I could not pay.  $6.00 per hour is not enough to live on or pay student loans.  I finally got a job and started to pay monthly payments to NCO.  I was only taking over for mat leave and my contract ended.  I got a new contract with the same company but not until Aug of this year and my contract ended in march.  I made back payments to NCO to catch up all my payments.  In the mean time they had gotten a judgement to Garnish my bank account and my wages.  Well my wages are direct deposit so they are taking every penny I earn.  Please help me I don't know where to go or how to fix this.  I will be homeless in less than 2 weeks and can't continue to work with no where to live.  Do I just drive off a bridge or is there a legal course of action left to me??? 

From what I have learned so far here in Alberta they can take anything you make over 800.00 a month.....well my rent is 879.00 so now what?  That does not inclued fuel for getting to work or money for food, insurance, gas, electric, phone....nothing???

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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 19/October/2009 at 6:42am

first thing is to change to another bank and deposit your pay there.  Perhaps talk to John at CFWGroup...

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Mark OMeara
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Tianna_1 Quote  Post ReplyReply Direct Link To This Post Posted: 19/October/2009 at 11:17am
How do I get ahold of John?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 19/October/2009 at 1:52pm
www.cfwgroup.ca    Please note that he charges fees, but he's the best person I know to deal with this kind of thing...    Again, the first thing you should do is to get an account at another bank so they dont withdraw from the account you deposited your student loans into....
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