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.


  FAQ FAQ  Forum Search   Register Register  Login Login


Forum LockedCiBC and Edulinx Horror Stories

 New Topic Create New Topic Show Topics Page  <12345 6>
  Replies Views Last Post Reverse Sort Order
Forum Topics
Hot Topic
CIBC’s Hunkin to retire
By administrator, 29/June/2005 at 5:32am
1 876 By jrmevans
29/June/2005 at 5:37amView Last Post
Hot Topic
NSLSC, Returning to School
By gofigure, 09/June/2005 at 6:36am
2 1420 By SolveStudentDebt
09/June/2005 at 10:20amView Last Post
Hot Topic
1 1350 By debtsucks
08/June/2005 at 12:26amView Last Post
Hot Topic
Pay off student debt.
By wdinesen, 07/June/2005 at 6:20am
0 801 By wdinesen
07/June/2005 at 6:20amView Last Post
Hot Topic
Lost info faxed to CIBC
By fecalboy, 05/June/2005 at 7:22am
0 752 By fecalboy
05/June/2005 at 7:22amView Last Post
Hot Topic
0 2684 By dawnbh
30/May/2005 at 6:54amView Last Post
Hot Topic
Request of Information ignored
By LTeeple, 12/May/2005 at 5:43am
0 765 By LTeeple
12/May/2005 at 5:43amView Last Post
Hot Topic
Former Collector
By former, 12/April/2005 at 1:25pm
2 1084 By administrator
12/April/2005 at 2:18pmView Last Post
Hot Topic
Problems with SIN number
By sasgirl, 08/April/2005 at 11:40am
0 780 By sasgirl
08/April/2005 at 11:40amView Last Post
Hot Topic
NCO and bank info?
By dams, 06/April/2005 at 2:33pm
1 784 By kwelmm
06/April/2005 at 2:50pmView Last Post
Hot Topic
where di my debt go
By Observer, 30/March/2005 at 12:30pm
2 808 By jessicamk
30/March/2005 at 11:04amView Last Post
Hot Topic
harrassement from a Collect Corp Rep.
By emma0327, 22/December/2004 at 3:14am
11 2564 By whereto?
29/March/2005 at 9:27pmView Last Post
Hot Topic
For those of you on ODSP
By mrresolved, 25/March/2005 at 6:11am
0 2184 By mrresolved
25/March/2005 at 6:11amView Last Post
Hot Topic
1 1134 By mrresolved
21/March/2005 at 3:38pmView Last Post
Hot Topic
Harrasment my CIBC SC operators
By mrresolved, 21/March/2005 at 9:21am
1 773 By mrresolved
21/March/2005 at 1:45pmView Last Post
Hot Topic
CIBC posting False info!
By eshelton, 30/October/2004 at 8:14pm
8 2573 By Observer
12/March/2005 at 12:34pmView Last Post
Hot Topic
How to sue CIBI
By Peter Ewert, 08/June/2005 at 1:52am
17 5237 By worldfamous
06/March/2005 at 6:17pmView Last Post
Hot Topic
3 1099 By wdinesen
04/March/2005 at 1:53pmView Last Post
Hot Topic
Please help me Understand SL
By polyhymnia61, 22/February/2005 at 9:36pm
128 5191 By whereto?
17/February/2005 at 12:52pmView Last Post
Hot Topic
Which number did you call?
By jennifermac, 08/June/2005 at 7:32am
18 2207 By lugarou
17/February/2005 at 8:47amView Last Post
 New Topic Create New Topic Page  <12345 6>

Forum Jump
Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 12.07
Copyright ©2001-2024 Web Wiz Ltd.