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 LockedEOS CLAIMS IN ONTARIO-VALIDATING OLD STUDENT LOANS

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Maddie View Drop Down
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Joined: 09/May/2019
Location: Ontario
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Maddie Quote  Post ReplyReply Direct Link To This Post Topic: EOS CLAIMS IN ONTARIO-VALIDATING OLD STUDENT LOANS
    Posted: 09/May/2019 at 11:26pm
EOS has served me with a claim for some very old student loans. I can not believe they are trying to sue me NOW, IN 2019, over student loans that go back to 1995. We had a mandatory settlement conference recently and I thought the judge would dismiss their claim...but unfortunately he said he wasn't familiar with Student Loan Legislation (really?!#), and because he couldn't decide who was right or wrong, the matter should go to trial. 

To date, EOS has not produce any proof/evidence that I owe these loans. I have claimed in my defence that these debts are not valid and I'm requesting that they produce the original loan contract showing my signature and exact amounts I borrowed. 

Here are the facts;

-I started University in 1995 and got OSAP for 1995, 1996 & 1997. 
-Due to some health issues I withdrew from school in 1998 and never graduated.
-I was unable to pay my bills and due to financial hardship filed for bankruptcy in April 1999. 
-I was discharged in January 2000. 

-Student loans were included in my bankruptcy documentation under "Liabilities Proven & Admitted". 
-For years I never heard from any creditor stating that the student loans were still valid, pending or survived bankruptcy.

-Sometime in 2010 I got a letter from Nor-Con which stated that there were collecting the student loans for the Government and that I owed the original amounts + interest. 

-I mentioned my bankruptcy and that this debt had already been dealt with and they asked me to submit proof of discharge (which I did). I never heard back from then again.

-In 2016 I noticed a Collection had been added to my credit bureaus (Equifax + TransUnion) under EOS Canada. Needless to say it was negatively affecting my credit!

-I disputed the charge in early 2017 and both EQUIFAX + TRANSUNION said they would investigate, notify EOS and give them a chance to validate the debt. They never responded and so both bureaus removed/purged it from my report. 

I thought I was in the clear, until I started getting letters and phone calls from EOS, saying that I owed this debt + interest (now close to $10,000) and they would be taking me to court.

They followed through and have filed a claim against me but have yet to validate that I still owe the loans.

THE MATTER IS NOW GOING TO TRIAL AND I NEED TO PREPARE. HERE ARE MY Q'S;

-Can they win judgement against me even if they CAN NOT produce the original loan contracts? In other words, what is admissible in court as proof that these loans and the amounts that they claim I borrowed are still valid? 

-Would the judge side with them since they are collecting on behalf of "The Attorney General"/Government and accept their claim without sufficient proof?

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