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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anjelina View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote anjelina Quote  Post ReplyReply Direct Link To This Post Topic: Federal Loans through OSAP
    Posted: 29/March/2019 at 2:02pm
Thanks for any and all responses in advance.
I graduated from college in 1998, I have never paid back any of the federal portion of my student loans.
I stayed under the wire for many years after living abroad,I have not been harassed or asked to pay anything back.
When I returned to Canada, my provincial loans appeared as an outstanding balance with the CRA
That amount has since been paid off.
I would like to return to school and need a loan to do so.
If I contact an OSAP office and make an application(I can only do in person as per their website),will the old loans from 1998 come back to haunt me, will I be able to get new student loans?
These loans do not exist on my credit report but because they are tied to SIN I am very fearful of trying again.



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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 02/April/2019 at 1:22pm
If you have unpaid student loans from prior years/generations then you will be declined any further funding for future studies. 


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

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