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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atherapy View Drop Down
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Joined: 21/March/2014
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    Posted: 21/March/2014 at 9:35am
Hello,

I have a student loan in repayment.

I applied to repayment assistance plan in Ontario for an Ontario-Canada Integrated loan.  I declared a certain income.  They asked for proof of income after the month is complete.  I am making under 20,000$ and my job is variable - I never know how many hours I can work during the week.

If I declared I will make a certain income and then when I show proof of income and have made more (say a few hundred - due to increased availability of hours) - what will occur ?

Thank you.
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angel44 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote angel44 Quote  Post ReplyReply Direct Link To This Post Posted: 22/April/2014 at 10:06pm
I imagine that since it is now April, you probably already have the answer to this question. But in case you don't, or for anybody else, the answer is no. Whether you over/understate your income when you are applying, if proof of income is asked for then they will always go by that amount, and you will not be penalized in any way.
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