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 LockedIt took years, but CFW Group solved it all.

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csl_horrors View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote csl_horrors Quote  Post ReplyReply Direct Link To This Post Topic: It took years, but CFW Group solved it all.
    Posted: 11/October/2013 at 5:21pm
My case was complicated by loss of files, jurisdictional issues, bankruptcy, divorce, and pretty much everything else you could throw at it.  By the time I contacted John and the CFW Group I pretty much believed my problems with both the Government and the Risk Shared Lender were never going to end.  

After nearly a decade of harassment, abuse, and stubborn, apparently wilful incompetence on the side of the lenders -- years which had driven me repeatedly to deep depression and thoughts of suicide -- I decided to walk away from it all and try to have someone advocate and negotiate on my behalf.

From the very first phone call John was helpful, assuring, and willing to go the extra mile to talk me down from the emotional brink.  The fact that he was so confident, even as I was undergoing a brutal divorce and in the middle of some of the toughest financial times of my life, helped keep my spirits up for the long fight ahead.

The process that I undertook with the CFW Group still took a very long time -- more than five years by the end of it, as we had to explore a mixture of issues related to statute barring and the divorce and repeated, unprofessional attempts at contact by unscrupulous collections agencies even after a power of attorney was signed -- but ultimately everything was resolved in an acceptable and reasonable manner.  After all the years of unreasonable demands someone had finally gotten through the thick head of an incredibly arcane and inhumane institution.

The process was not always smooth; John is an incredibly busy guy in a small office, and there were periods in which I would wait quite a long time for more news.  Sometimes assurances would be made that quick action would occur, only to wait for the weeks and months to drag on with no response from the lender.  That less-than-constant communication sometimes worried me, especially as these issues are not the things you want to attack head on at the best of times.  Once I more fully realized the investment I was making I became proactive in following up with him regularly and then I saw just how hard he was working on my behalf.  As I learned more about the unbelievable arrogance and broken systems of the creditors, I began to see what a truly good investment I'd made in using the services of John and the CFW Group.

If you're one of the people who got trapped, as I did, in the false sense that a Canadian education would benefit you enough to outweigh the financial, moral, emotional, and physical costs of borrowing from a system designed to make an enormous profit for no meaningful return, then I feel for you.  I know just how far it can drive you, and what it's like to wake up at night in a cold sweat when the phone rings at an illegal (but not, to the collector, immoral) hour.  The CFW Group can really help you navigate the ridiculously treacherous waters with these "people" -- you owe yourself the much sounder sleep you'll get when John is working on your side.
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