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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    Posted: 21/January/2015 at 11:32am
The agent wants their commission.... and they are smelling the money...  read up on the info here...
http://canadastudentdebt.ca/collectionagencies.asp


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Mark OMeara
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Zimeks25 Quote  Post ReplyReply Direct Link To This Post Posted: 21/January/2015 at 7:55am
Hello,

I'm an international student studying at the University of Saskatchewan. I owe roughly $12,500 in tuition from the previous academic session. I will be graduating in the Spring of 2015. My debt got sent/sold to Commercial Credit Adjusters who've started hounding me with phone calls and 'Without Prejudice' Letters. I intend to make roughly, a payment of $3,000 to them by the end of February; after that, I'd have to wait to work over summer and hopefully get a post-grad work-permit and a job in my field that will allow me to clear the rest of my debt. 

My question or issue is the agent I'm in contact with doesn't seem to want to cut a deal which would allow me to make installmentall payments; is she being deliberately obstinate to extract the money from me asap and do the threats of these letters endanger my current status with the CIC or future status with regards getting a post-grad work-permit? I assume, they'd understand that I need to work to pay off the debt. 
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