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 LockedRoyal Bank Frustration Stories

 New Topic Create New Topic Show Topics Page  <123>
  Replies Views Last Post Reverse Sort Order
Forum Topics
Hot Topic
RBC Joint Bank Account
By lunacath, 10/March/2008 at 12:06pm
3 2136 By SolveStudentDebt
12/March/2008 at 4:04amView Last Post
Hot Topic
Something’s Not Right at RBC
By OldGirl, 08/September/2006 at 3:54pm
8 4821 By SolveStudentDebt
26/November/2007 at 9:31amView Last Post
Hot Topic
Formal Protest
By Mayhem, 11/September/2007 at 1:40pm
0 779 By Mayhem
11/September/2007 at 1:40pmView Last Post
Hot Topic
student loan and credit report
By ozie, 11/July/2007 at 8:39am
1 1558 By Dunker
11/July/2007 at 12:27pmView Last Post
Hot Topic
Message Icon not allowed to make a payment??
By holygeez, 22/January/2007 at 11:46pm
6 2091 By pogorelichfan
28/June/2007 at 7:14amView Last Post
Hot Topic
Message Icon very rude collection agents
By hoop77, 13/June/2007 at 6:50am
1 1158 By SolveStudentDebt
13/June/2007 at 10:33amView Last Post
Hot Topic
Debt Reduction Question
By Chantal, 03/May/2007 at 8:49pm
0 723 By Chantal
03/May/2007 at 8:49pmView Last Post
Hot Topic
Transaction Record Woes
By penniless, 18/April/2007 at 1:04pm
1 850 By takopup
19/April/2007 at 1:21amView Last Post
Hot Topic
MAD AS HELL AT OUTSOURCING
By nights99, 24/July/2006 at 11:37pm
6 1270 By SolveStudentDebt
10/September/2006 at 11:30amView Last Post
Hot Topic
RBC lost payments!
By RealBadCS, 20/July/2006 at 4:43pm
0 854 By RealBadCS
20/July/2006 at 4:43pmView Last Post
Hot Topic
0 878 By kaspr79
14/July/2006 at 5:17amView Last Post
Hot Topic
1 4998 By jjbean
12/April/2006 at 7:52amView Last Post
Hot Topic
old loan, new account
By youdontsay, 15/July/2005 at 11:29pm
5 1310 By susyq
17/March/2006 at 7:49amView Last Post
Hot Topic
Johnny are you around? I need you
By Kathryn, 14/March/2006 at 9:41am
1 840 By SolveStudentDebt
14/March/2006 at 4:36pmView Last Post
Hot Topic
Loans through RBC
By miscellina, 04/March/2006 at 12:14pm
0 1173 By miscellina
04/March/2006 at 12:14pmView Last Post
Hot Topic
Impossible situation
By Staretz, 28/March/2006 at 12:45pm
3 1819 By melaniemck
20/December/2005 at 4:17pmView Last Post
Hot Topic
to "the Royals"
By lenny, 30/November/2005 at 9:07am
2 1190 By old hippy
30/November/2005 at 11:10amView Last Post
Hot Topic
Announcement For New Members
By SolveStudentDebt, 06/October/2005 at 10:55am
5 2697 By Peter Ewert
26/November/2005 at 3:30amView Last Post
Hot Topic
Outsources = Out of the know
By Glenner, 12/September/2005 at 11:31am
6 1606 By Mags
17/October/2005 at 10:51amView Last Post
Hot Topic
A Change in the administration....
By sharpetorium, 17/September/2005 at 6:49pm
0 1420 By sharpetorium
17/September/2005 at 6:49pmView Last Post
 New Topic Create New Topic Page  <123>

Forum Jump
Forum Permissions View Drop Down

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