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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    Posted: 16/June/2019 at 11:56pm

An increasing number of frustrated student loan borrowers are turning to bankruptcy. Many borrowers find that even after declaring bankruptcy, they are still being pursued by private agencies, provincial recovery offices, the Canada Revenue Agency (for Canada Student Loans), and the US Department of Justice (for US Federal Loans). This is because there are problems that cause the court to deny a discharge when it is motioned for under section 178 of the BIA. Or, a student loan provider files to oppose a discharge and succeeds in binding the person to the debt. 

 

The goal for any bankrupt should be to secure an absolute discharge after the bankruptcy period has run it's course. The best way to secure that is to be PREPARED.. So, if you are contemplating bankruptcy and want to ensure that you are making the right choice, and that the benefit bankruptcy boasts is within your reach -  We can help!


Visit us at: www.solvestudentdebt.com


Facebook: https://www.facebook.com/Solve-Student-Debt-616143595400137/



 

 

 

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

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