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 LockedLiving Abroad and my Loan?

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Dixon View Drop Down
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Joined: 04/December/2011
Location: UK
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dixon Quote  Post ReplyReply Direct Link To This Post Topic: Living Abroad and my Loan?
    Posted: 04/December/2011 at 8:12am
Hello....

I have a hefty national loan from 2004 and had been on interest relief until I sold up and moved to the UK in 2007. I had hopes of making enough to start paying off some of my loan but the recession hit and life here has been financially hard. I am now married and have a baby (no intention of moving back) and again life is a financial struggle. We are in deficit everymonth and their is nothing left over to contribute to my $26K loan which is ever growing with interest! My loan is now with HRSDC REMITTANCE - they only send me my painful statements but never anything else.

My queries are the following:

1. As I am living abroad, what can they do to me? I obviously don't want anything horrible to happen financially to my new family.
2. Can they (would they) sue me abroad?
3. Can they send my debt to a collection agency over in the UK?
4. Is there a statue of limitations on the loan. Does it get "forgiven" after a certain point?

We have no money and I am feeling sick with the growing interest. I just need some advice and help.

Many thanks in advance! x
Thank you! D
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