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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Post Options Post Options   Thanks (0) Thanks(0)   Quote Summer13 Quote  Post ReplyReply Direct Link To This Post Topic: OSAP - nightmare
    Posted: 25/February/2013 at 5:12am
This is my story.  I went to college back in the late 1190's.  My student loans were defaulted and my income tax was deducted every year towards my OSAP debt.  I did move to the states for a few years and never heard anything more from them.  I am now back in Canada for the past five years.  My OSAP loans were through the Royal Bank of Canada and that had fallen off my credit report Nov of 2011.  I have filed my taxes for each year and nothing ever mentioned on my tax returns that I still owe money on my student loans.  Just recently I applied for a mortgage and there is a collection on there from ARC.  I called them and they told me it was an Ontario Student Loan.  I called both the OSAP and Canada Revenue who tell me that they don't have any record of me owing them money.  When speaking with Canada Revenue I told them that the collection agency was very rude to me and that if I owed any money I would like to pay it to them.  They told me that I do not owe them any money.  She said that sometimes the ontario portion gets sold off to an outside collection agency and the only way to pay it is to communicate with them.  My problem is that when I ask for validity of the account in question they only tell me that it is the ontario student loan portion that I owe and that I need to make the payment today.  They have added this debt back to my credit bureau with a different account number and a date of last activity of March 2012.  How do I get my credit report fixed?  Can they change the name and account number and put it back on my report even after it was on my report for six years and fell off in Nov of 2011. Also how do they put a date of last activity when I have not paid a penny to them and no writtne agreement was ever made to start paying them.   Please help, I am trying to get a mortgage and this is interfering.
Thanks in advance for any advice you may be able to offer.
summer13
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