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.


  New Posts New Posts RSS Feed - Income Attestation form
  FAQ FAQ  Forum Search   Register Register  Login Login


Forum LockedIncome Attestation form

 Post Reply Post Reply
Author
old hippy View Drop Down
Groupie
Groupie
Avatar

Joined: 20/August/2005
Location: Canada
Points: 198
Post Options Post Options   Thanks (0) Thanks(0)   Quote old hippy Quote  Post ReplyReply Direct Link To This Post Topic: Income Attestation form
    Posted: 01/June/2014 at 10:45am

Hello,

I have rec'd my first RAP application and would like to avoid issues if at all possible.  I was told to apply on-line for Canada pre-2000 loan, and the CIBC National Student Centre mailed me an application to fill in for the Ontario pre-2000 loan.  But they also included an "Income Attestation" form. 
 
Does anyone understand what this is for? 
"As you are requesting Repayment Assistance for up to four months before the months in which you are providing your income information on the RAP application, you must also complete this form."  The form is asking for "Actual Gross Family Income for months 3,4,5, and 6 prior to the Repayment Assistance application sign date.  Why??
 
So far as I know, I'm not requesting assistance before the date I sign the application.  The application requires gross income for 3 months (the month I sign, and the 2 months prior), so I don't see why I'm being asked for 4 more months income prior to that.  My sixth previous month proof of income (last Dec.) will be difficult/is not impossible to get... 
 
Any experienced RAPsters out there?
 
Back to Top
Sponsored Links


Back to Top
SolveStudentDebt View Drop Down
Moderator Group
Moderator Group
Avatar

Joined: 05/November/2003
Location: Canada
Points: 5996
Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 02/June/2014 at 9:19am
Hope. Pray. Wait.
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

solvestudentdebt.com
Back to Top
old hippy View Drop Down
Groupie
Groupie
Avatar

Joined: 20/August/2005
Location: Canada
Points: 198
Post Options Post Options   Thanks (0) Thanks(0)   Quote old hippy Quote  Post ReplyReply Direct Link To This Post Posted: 07/October/2016 at 12:29pm
I hoped, I prayed, and I waited.  That form was sent by mistake - why am I not surprised? 
 
After 2 years on RAP - is it possible?  I have unbelievably been sent two PAID IN FULL letters!!  I have no more student loan payments!!!  I had to let you and Mark know.  This site was incredibily helpful and supportive when I needed it the most - when the system was at it's worst.. 
 
If I had to do it over again, I wouldn't. 
 
Happy thanksgiving!! 
Back to Top
 Post Reply Post Reply

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 12.07
Copyright ©2001-2024 Web Wiz Ltd.