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 LockedNew Student Debt Posted over Debt from 2002

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SolveStudentDebt View Drop Down
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Joined: 05/November/2003
Location: Canada
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    Posted: 18/December/2017 at 2:54am
Your OSAP loan will remain on your credit history until it is paid. Your loan is not caught by the old limitation law prior to 2004, thus no limitations bind the government of Ontario. 
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote angieleigh Quote  Post ReplyReply Direct Link To This Post Posted: 16/December/2017 at 5:43am
On My Credit Karma report it shows
Government Student Loans
Opened March 1, 2002
Last payment date Jan 1, 2003
Reported Dec 2, 2011
 
Can& Int Ft Student Loan
Opened July 1, 2001
Reported Dec 31, 2007
 
Finan Debt Rec
Opened Jun 1, 2017
Original Creditor MTCU
Reported Dec 12, 2017
 
Finan Debt Rec
Opened June 1, 2017
Original Creditor MTCU
Reported Sept 15, 2017
 
I had student loan/OSAP back in 2002 only and haven't paid anything towards it.  How can it still be on my credit and repost new ones in 2017?  I have not made any contact with them whatsoever over the years
 
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