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 - Old student loans from RBC in Saskatchewan
  FAQ FAQ  Forum Search   Register Register  Login Login


Forum LockedOld student loans from RBC in Saskatchewan

 Post Reply Post Reply
Author
Brandonbmam1 View Drop Down
Newbie
Newbie
Avatar

Joined: 01/September/2017
Location: Saskatchewan
Points: 2
Post Options Post Options   Thanks (0) Thanks(0)   Quote Brandonbmam1 Quote  Post ReplyReply Direct Link To This Post Topic: Old student loans from RBC in Saskatchewan
    Posted: 01/September/2017 at 12:48pm
I had student loans in 2000 and 2001 and I'm taking the lpn course in Saskatchewan and have been rejected by student loans on the provincial side. The federal has been paid but the provincial has not and now after applying they are saying I owe 12000 dollars. This does not show up on my credit at all. I'm wondering if anyone can help me with what to do?? Like should the loan be forgiven or is there a time limit when the RBC for student loans cannot collect anymore? Please help
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/September/2017 at 5:37am
The student loan system will not grant any further funding to people who owe student loan money from the past that has been unpaid. In the case of old statute barred student loans, the same rule applies. 

The only way the student loans program may grant further funding is if you pay the prior amount. 


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
 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.