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 Locked$ Limit that they wont pursue a judgement

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    Posted: 14/September/2005 at 10:16am

Would anyone like to state their opinion as to whether or not the government would purse a judegement against you based on how much you owe?  I only owe 8k... I would imagine they would rather go after the big fish.

 

Opinions?

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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 14/September/2005 at 12:23pm

The government can be compared as one of those fisherman who will keep anything they catch. They do not throw the small ones back. The small ones are good size pan-frys, while the big ones are great trophies.

Big fish, small fish, it doesn't matter. There is no preferential treatment.

Johnny

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

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Post Options Post Options   Thanks (0) Thanks(0)   Quote puzzled Quote  Post ReplyReply Direct Link To This Post Posted: 18/September/2005 at 12:41pm
just so you know, my loan was for $6000 and they did pursue a judgement against me.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 18/September/2005 at 3:46pm

I have witnessed cases whereas the Crown anchored a judgment a borrower who owed $1200.00.

The government will go the distance to recover money owed.

Johnny

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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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Post Options Post Options   Thanks (0) Thanks(0)   Quote momk Quote  Post ReplyReply Direct Link To This Post Posted: 19/September/2005 at 12:28am
Johnny

   Question: If a judgement goes against you and you are on socail assitance can they take any money out of your check and after a judgement has gone through are the collection "people" allowed to call and bug you. MOMK
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Casey Quote  Post ReplyReply Direct Link To This Post Posted: 19/September/2005 at 11:13pm
Originally posted by momk momk wrote:

Johnny

   Question: If a judgement goes against you and you are on socail assitance can they take any money out of your check and after a judgement has gone through are the collection "people" allowed to call and bug you. MOMK


Much of the advice and things I've been told about what the Federal Government will do to collect student loans has turned out to be untrue.. The fact seems to be that there is not any set rules or regulations that the government follows.. They seem to just do what ever they want.. I also looks like a good way for the government to reward law firms that are good party supporters by having them go after most anyone to collect the loans, get judgments and what ever. Despite my not being able to pay, they have likely spent more on legal fees that what I owe them.. It makes no sense, definitely not a sound, intelligent way to manage student loan debts.

Here is what I can tell you from personal experience:

1) - They can't (don't) take money for your SA payments..
2) - The collectors keep calling after the crown has a judgment.
3) - If the judgment does not give them the results they want (full payment) they come back at you with more threats and demands for payment. Even having a lien on your property does not stop them from making further attempts to collect.. 

I'm beginning to thing that this h*ll will only end when you go to meet your maker.. 


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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 21/September/2005 at 3:43am

Mom,

No, they cannot attach social assistance income sups or benefits of any kind. They cannot attach EI or Canada Pension either.

Collectors can contact anone who is assigned to them for collection - even if they are on social assistance.

Casey,

You said:

"Much of the advice and things I've been told about what the Federal Government will do to collect student loans has turned out to be untrue.. The fact seems to be that there is not any set rules or regulations that the government follows.."

Like what, for instance?

Johnny

www.cfwgroup.ca

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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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