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 LockedJohn to the rescue, yet again

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cheapo View Drop Down
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Joined: 16/June/2003
Location: Canada
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Post Options Post Options   Thanks (0) Thanks(0)   Quote cheapo Quote  Post ReplyReply Direct Link To This Post Topic: John to the rescue, yet again
    Posted: 29/October/2004 at 3:29am
I highly recommend the services of John LeBlanc at CFW Group. John helped me incredibly, when my negotiations with a collections agency came to a standstill.

I was attempting to negotiate a settlement using information found on the Canada Student Debt website. The amount of money I offered was accepted. However John advised me in the web forum that I needed to have changes made to the formal offer before I paid them. These changes would protect me from them changing their mind after the fact, something that can happen. The agent I had been dealing with said it was "impossible", and his apparent supervisor screamed at me that they were going to sue me and hung up on me. Later that day the original agent phoned me and apologized for his supervisor, but said they would never change the contract. At that point I insisted the contract be reworded, and that my position was final. Then I said that John Leblanc was my financial advisor, and they would have to deal with him as my representative. The CA said this was impossible unless I sent notarized papers to that effect. At this point I had been negotiating the settlement for almost 2 weeks.

I immediately phoned John LeBlanc and explained what had happened, I apologized for falsely claiming him as my representative and that I would pay his fee if he dealt with the CA. John agreed to help me for an extremely reasonable price.

In less than 10 minutes John called me back with the news that he had a fax from the manager of the agency with the revised offer to settle, exactly as requested, and a promise to have the entire debt stricken from my credit history (something I hadn't even asked for.)

John arranged a better deal than I had believed possible, after only 7 minutes of representing me. Nobody else can do that.

Lorrie Rand,
Halifax, Nova Scotia
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