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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Hunter2 View Drop Down
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Joined: 23/October/2003
Location: Canada
Points: 197
Post Options Post Options   Thanks (0) Thanks(0)   Quote Hunter2 Quote  Post ReplyReply Direct Link To This Post Posted: 15/April/2005 at 8:21am
pretzel_logic
I have done extensive research on this and while I most certainly have no where near the practical experience John does I do think you are correct in saying that interpretation is likely to vary. Your individual case comes across to me as filling the following criteria of what Mersan posted...

the bankrupt has and will continue to experience financial difficulty to such an extent that the bankrupt will be unable to pay the liabilities under the loan. due to your difficult journey with your child and being a single parent it is obvious that finances are going to remain too tight to add sl repayment on top of them.

The case law that John posted( in a thread that was deleated for some reason!) identified a person who had clearly not acted in "good faith" having made 40 000 and not paid one penny back. Honestly, I look at it this way..if you can ask yourself "have I acted in good faith" and answer yes then chances are good a judge will see it that way too, I really believe that.I think you are going to be allright... your situation deserves relief and you will get it either through humane reform or bankruptcy.
Can you afford the 25 a month to keep the federal portion in debt reduction in repayment? That might provide some relief...and it shows good faith attempts at repayment.
I feel for you pretzel and understand your frusturation it seems like a very long haul
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