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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itsgonenow View Drop Down
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    Posted: 18/October/2016 at 3:26pm
I just wanted to return  to this site to let others know that you can be free of your soul crushing debt through bankruptcy. I had over 50000 in provincial and federal debt from an undergraduate degree and I defaulted after I went back to do a Masters with no student loan. My minimum payment was over 1000 a month including interest and I was only able to pay the interest and not touch the principle. I waited until I was out of my undergrad for 7 years and a week, even though my Masters degree was only 5 years old and filed for bankruptcy. and I was discharged! It is amazing to feel free again. I am now back in university because I am a sucker for punishment I suppose, doing a professional program that will lead to gainful employment. 

If anyone out there has considered suicide, had their family and relationships breakdown because of a hopeless hole of debt you feel incapable of climbing out of, or self medicated the helplessness through drug, alcohol or behaviors the way I did, know that there is a way out. Time (7 years) will set you free. 

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Freya View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Freya Quote  Post ReplyReply Direct Link To This Post Posted: 21/October/2016 at 1:01pm
I am so glad to hear that you were victorious. That is always a sign of hope and light at the end of a very long tunnel.

Truly...I am glad that you made it through!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 21/October/2016 at 4:39pm
Me too !
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Mark OMeara
Author of Let Go and Heal: Recovery from Emotional Pain
https://LaughSingWrite.com - http://bit.ly/heal2024
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