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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Royal-NCO View Drop Down
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Joined: 17/March/2010
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    Posted: 05/November/2017 at 3:34am
Out of curiosity, did anybody here, with horrible credit because of their student loans and mistakes made administrating their loan, discover that they are a victim of the data breach at Equifax?

I just discovered that I am one of the 8000, and it would appear that its because I made an effort to fix and watch carefully my credit, after recovering from my student loan issues.  Name, address, SIN, birthdate, username, password, access to my full credit profile, all breached.  They would have got this from my online profile when I create an account with Equifax so that I could monitor my credit - a process I began about 4 years.

Its as if those of us who have these issues have targets painted on our forehead.  What is up with this?  I didn't create my problem with the Student Loans.  It was their mistake.  Now, just as I fix the student loan issue and fix my credit report, I discover that I am exposed for a life time to somebody wreaking my credit again with fraudulent applications.  Wow!
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