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 LockedBankrupcy+Consumer Proposal+ 14 years=Collections

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peachycaper View Drop Down
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Joined: 25/February/2015
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    Posted: 25/February/2015 at 6:01am

I will summarize to start, ex-wife ran up debt while I was in school and I had student loans with RBC finishing school in 2000. No real work for 4-5 years and declared bankruptcy in 2005 with everything including student loans included. Cleared bankruptcy and everything fine and dandy, move forward to 2008, wife runs up debt and cheats on me ->she gets the boot("divorce"). I file consumer proposal with new debt, student loans are not listed on my credit report at time of filing and bankruptcy firm does not list them in proposal as they are listed as admitted during bankruptcy and now gone off credit report. I complete consumer proposal and discharged in 2011. Move forward 2015 and I get a letter from Common Collection Agency stating I owe $16000+ in student loans which were originally $8000.


My questions here are has this debt past the statute, do I have any grounds to go back after original bankruptcy agent for not informing me they would survive, if neither of these hold up can I go back and have these loans declared under the 2008 consumer proposal and pay the 24cents on the dollar that I paid to the rest of the creditors at the time. I believe there is some kind of clause stating that if creditors are not aware or listed under consumer proposal that I can pay the dividend % as the rest of the debt under the consumer proposal?


I know its a lot and hoping someone can help. I have no problem with hiring a lawyer if I need to as it seems to me that I was boned by two trustees already!
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ranui View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote ranui Quote  Post ReplyReply Direct Link To This Post Posted: 25/February/2015 at 8:36am
From my limited understanding of Bankruptcy/Consumer Proposals. The student loans should of not been cleared by the bankruptcy as the time out of school was not long enough think it still would of been 10 years when you declared. They would of received some of the payments from the bankruptcy but they should of survived it.  They should of been included and cleared in the Consumer Proposal. Yu could try talking to your last trustee, but you may have to speak to a lawyer or someone like Johnny.
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