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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nwavancouver View Drop Down
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    Posted: 06/January/2014 at 7:00am
Hope somebody can help me out with this.  Looking to make things right but have a few questions.

I have been out of school since 2004.  Due to the financial family limitations, I had taken out a student loan to help put myself through school.  

Being naive and careless, I let the loan get into default and now my CRA Income Tax is being garnished each year to pay for the Canada Student Loan Debt I have.

I am now in a better position financially and looking to make things right the quickest way possible to avoid future issues.  I have a credit score that is improving as well as have a few credit cards in excellent standing and a car that is paid off and a mortgage for a new house.

Is there a process to get CRA to stop redirecting my income tax to my student loan debt?  I want to know if there is a way to bring things up to speed to have them stop taking my tax return?

Being married, me and my wife will begin filing our taxes together this coming year.  I know that when I get my tax return, CRA is taking that for student loan repayment purposes, however, will they take my wife's tax return as well?  She works full time and has business and investments under her name and receives significant return on her income taxes and I need to know how it will affect her when it comes time to get our taxes done.

If they are taking my CRA return, I am fine with that, but I wish for her to not be affected

If anybody can help, that would be great.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 07/January/2014 at 5:15am
From what I understand they will not take your wife's tax return for your loan...   Talk to the NSLSC about rehabilitating your loans or the CRA.  There have been mixed reports about whether the CRA will co-operate and allow this, even though this option is in the Student loan legislation. 
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Mark OMeara
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https://LaughSingWrite.com - http://bit.ly/heal2024
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