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 LockedDebt Stress, Chronic Illness, Rehabilitation

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bears4life View Drop Down
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Joined: 20/November/2018
Location: Alberta
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Post Options Post Options   Thanks (0) Thanks(0)   Quote bears4life Quote  Post ReplyReply Direct Link To This Post Topic: Debt Stress, Chronic Illness, Rehabilitation
    Posted: 20/November/2018 at 5:34pm
This is my first time posting on the forum. 

I going through so much student loan hell I don't know where to start. Basically I got really really sick 10 years ago and wasn't able to pay my loans. Went on Repayment Assistance for PD. Lost my job moved to an expensive city for a new job, more debt and now my provincial loans are with collection agencies and my Canada loan is also with CRA collections.

Has any managed to successfully rehabilitate their Canada student loan? And also pay off their provincial loans without many problems?

I'm at my wits end with this. And dealing with a chronic illness and no help from NSLSC or government is exhausting. I've had the "bad thoughts" but manage to stop myself from lingering in those thoughts. But this is so overwhelming. I feel like I'll never pay this off.

And Tricura Canada seems to tell me one thing and then another thing happens. Collections. I honestly am considering going on Disability for the rest of my life and giving up my good career. I just can't keep up anymore. Gosh  :(

Any advice, thoughts would help me. I guess I just have to get two or three jobs and pay this stuff off within 4 years instead of 16!!
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