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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obastable View Drop Down
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    Posted: 09/September/2009 at 8:40am
I got a call from a collection agency today looking for money that they assure me is mine & outstanding from a student loan.  I contacted HRDC about the loans and they assured me that I have no outstanding provincial or federal student loans.

This leaves the question of where is this loan from?  Is it possibly a bank funded portion of the loan, and if so after hmm ... I'd guestimate at least 8 years ... is it stats barred?  I have no idea what loan he's talking about, but I did have the wits to stop him in his rambling & questioning tracks and request that I be mailed a copy of all pertinent information before discussing the matter further.

I think that was the right thing to do?

Gah I'm so confused!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote JT_Toronto Quote  Post ReplyReply Direct Link To This Post Posted: 16/September/2009 at 5:23am
The collection agency should have been able to tell you who their client is. I would have refused to talk to them until they identified who their client is. If they don't have that answer I'd get very suspect.

Regarding stat barred the term on debt to the federal government is six years.

If the debt is for provincial student loans then it depends on your province.

If the debt is non-governmental then it is governed by the legislation and again it would depend on your province. Most provinces have very short SOL periods so odds are if it is owed to a bank then it is almost certainly stat barred.

For now just force them to establish the debt. They have to do that and until they identify their client refuse to say anything.
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