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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ericbienemy View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote ericbienemy Quote  Post ReplyReply Direct Link To This Post Topic: seperating loans
    Posted: 07/February/2014 at 7:29am
Hello, fellow loan fighters!!!!

here is a little background and a question:

I had loans in 1995 and 2006.  As you know, the loans are grouped together.
I declared declared bankruptcy and got an order that states that the old loans were dismissed while the 2006 loans survive.

Student loans is not following the order and says I owe 30,000 over the period plus over 6000 interest for alll the loans.

I have been arguing with them over the issue for 3 years.
Issue 1: the total amount owing is in dispute
issue 2 : the government is in a "policy review" and will not tell me how much i owe or how much my payments are
issue 3: my credit rating is destroyed due to this 
issue 4 : they cannot tell me the amount or payment and interest keeps on accruing despite my efforts to obtain my balance

i do not think it is fair or right to hold a person hostage to accumulate lost fund by charging interest when people are in ernst trying to pay it off.

Does anyone have suggestions on how to deal with this? its been three years

thanks 
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