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 LockedI just want to help.

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taylor87 View Drop Down
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Joined: 17/June/2014
Location: Canada
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Post Options Post Options   Thanks (0) Thanks(0)   Quote taylor87 Quote  Post ReplyReply Direct Link To This Post Topic: I just want to help.
    Posted: 17/June/2014 at 3:07pm
So to start off, this isn't my student debt problem - it is my girlfriends. She is about to begin her last year of a professional program, and has about $30,000 left on her line of credit ($80,000 total). Minus about 18-20,000 for tuition, $6,000 for rent for the next year, $5000 for a licensing program that is required to enter her field... doesn't leave a whole lot (if any $$). She was unable to work last summer due to mental health issues, and will make minimal money this summer. Job prospects are poor as her success in the program has been limited due to her health issues. I try to talk to her about it to figure out her options and what her best bet is, but every time i bring it up she shuts down.

I was wondering if anyone here could help me to both 1) realistically picture what life will be like for her after graduation 2) What happens if she runs out of money midway through the school year? Her line of credit is maxed out, they wont extend it any more, and 3) What should she do? Or can she do?

Thank you.
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