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 LockedSOL on provincial portion of OSAP

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Royal-NCO View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Royal-NCO Quote  Post ReplyReply Direct Link To This Post Topic: SOL on provincial portion of OSAP
    Posted: 19/April/2018 at 4:09pm
For the years that you're describing it is unfortunately you who is SOL.  There is no SOL on the Ontario portion of these loans for those years and more recently.  They can chase you indefinitely, take you to court, and renew collections on your credit report, etc., until the day you die.  Unfair, I know, but that is the reality. Bankruptcy is your only way out unless you have the means to make the necessary payments to rehabilitate your loan, or can demonstrate extreme, long term,  hardship.
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DrPepper View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote DrPepper Quote  Post ReplyReply Direct Link To This Post Posted: 17/April/2018 at 7:47am
I got the first portion of my OSAP loan in 2003, and then had OSAP for the 03/04 school year, 04/05 and 05/06 (I'm not sure if the first payment from OSAP or the last is most relevant. Also, I was a minor when the first portion of the loan was paid to me)

I've never made a payment toward it. I am fairly certain they have written off the federal portion of my loan, as no one has made any attempt to get payment for it in recent memory (not in the last 10 years, at least, probably longer), but the CRA does take my tax refunds and apply them to the provincial part.

So regarding the provincial portion. I have never paid funds directly toward this debt, but I have also never objected to my tax refunds being garnished, either. I was out of the country and did not file taxes for 2011 or 2012, so there was a two year period when no payments of any kind were made against the loan, but on filing my taxes for subsequent years, my refund is garnished in full.

What I am wondering is, if that refund being applied to the loan resets the SOL. I have not acknowledged the debt in writing, ever, but I possibly have said something to that effect on a recorded call with a debt collection agency.

TIA

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