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 LockedNeed info re Ontario SL debt

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Rivergal19 View Drop Down
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    Posted: 16/March/2019 at 9:27am
Coles Notes version of situation:
I have a very old Ontario Student Loan.  For the past 3 years any income tax refund has been grabbed by them (I'm fine with that).
A collection agency is involved and of course making a nuisance of themselves.
The amount I owe is not huge.
So I have 2 questions:
Does anyone know if the provincial government "sells" the debt to the collection agency or if they are merely contracting them and everyone gets their cut ?
Is it possible/worth while to try and settle with them for a lesser amount ?  Has this ever been done successful in Ontario ?
I'd appreciate any feedback on this.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 18/March/2019 at 10:40am
1. Assigned out to collect, not sold. Government is not permitted to sell accounts to debt buyers. 

2. It is possible yes. We (www.solvestudentdebt.com) specialize in helping student loan borrowers appeal for compromise and settle student debt (Canadian, American, and UK) OSAP can be quite negotiable under the right circumstances. A case has to be made though and if you actually have a case you can save a lot of money and the cost to you is very small. If you want to know what sort of case you have and if it is something we could help you with jump on the free assessment link here and someone will get back to you. 

https://www.solvestudentdebt.com/our-services/free-assessment 



Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

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