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 (Collection Agency) re Suing People in Default

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    Posted: 23/January/2020 at 11:28pm

This is for Ontario student loan borrowers who are in default with and Ontario student loan account that is assigned with a collection agency called EOS, based on Milner Avenue in Toronto, Ontario.

 

Legal actions are becoming very abundant by this collection agency (EOS), and it's in-house lawyer named Laura Daly. There are borrowers that are being randomly served with legal documents by mail or in person) that have become known to us all have one thing in common and that is home ownership. It would seem that EOS and this debt collection attorney are targeting Ontario student loan borrowers and launching random legal actions against only those who own properties.  

 

Traditionally, collection agencies view homeowners as a good resource for paying out sums of money that will earn them greater commission revenues by threatening them and their property with litigation. Debt collectors traditionally target people who have stronger credit portfolios and who own homes. 

 

If you have been targeted and randomly sued by EOS (and lawyer Laura Daly) and require help coping and addressing this at affordable costs, we can help.Write to us at: 

 

https://www.solvestudentdebt.com/contact or call 902-789-4101. 

 

 

SSD Admin 

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

solvestudentdebt.com
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