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 LockedI don't think I can afford to rehab my OSAP?

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ktsdebt View Drop Down
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    Posted: 11/August/2018 at 10:52am
I really want to get my student loan out of default and go on repayment assistance. I have wanted to for the last year. I left school in 2012 and never had any ability to pay so I just ignored it and never contacted. Its a very high student loan since I dropped out of a program after two years then a few years later did a 3 year program. And of course it has just ballooned from there with interest. My min monthly payment I have in front of me that says Federal Portion Only is $1200. From what I understand there is an Ontario part as well that may even be more. I have been saving up for two years to put a lump sum down. I have 5k, and I don't think even that would cover the accrued interest. And then I'd have to pay $1200 per month until I could get on RAP. I make only a couple dollars over min wage right now. I am afraid to call them to discuss it and "re activate" collections and then be open to legal proceedings and being harrassed because I can't afford to end the default. I don't understand OSAP well enough to know what to do in this scenario. There are so many portions and agencies and acronyms. I feel like all I can do is wait a year and bankrupt. I could really use some advice.
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