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 LockedCBV Collections won’t send statement of account.

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aaska View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote aaska Quote  Post ReplyReply Direct Link To This Post Topic: CBV Collections won’t send statement of account.
    Posted: 01/December/2019 at 6:40pm
Hi, so my account was transferred to Metropolitan in Edmonton. When speaking with collection agent he quoted a different amount then the amount on the invoice.  I asked him to send me a statement with the amount he quoted and finally received them and now they want payment by cheque payable to CIBC.  I've been making very small payments every month by online banking?  The letter also states its for the "finalization" of the account.  I'm thinking of declaring these loans on a previous bankruptcy I was discharged in January 2005.  I don't have the money for a settlement right now.  My husband got ill I am his caregiver so am unable to work FT at the moment.  Any advice on how to proceed would be appreciated. 


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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 25/June/2019 at 10:28pm
I suggest you contact Consumer Protection of BC to advise you on this...



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Mark OMeara
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aaska View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote aaska Quote  Post ReplyReply Direct Link To This Post Posted: 23/June/2019 at 1:01pm
I live in BC and in 2018 I filed a contact by mail only to CBV Collections Markham Ontario . I moved and faxed them my new address and requested correspondence be sent to my new address . I received nothing and then again contacted them via registered mail asking the same and no communication. Not sure what to do next...any advice?
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