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 LockedI am so worried now what???

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hayleym72 View Drop Down
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    Posted: 06/March/2006 at 6:32am
ok i sent them my financial info i gave them post dated chqs and now they said well it covers just the interest every month and $7 of the payment and NOW the lady from ARO says that because i cant send in more money they are just going to put a lien against my house and when i do sell they will get the money and i told her what if i dont sell for 10 yrs she says well thats 10 yrs worth of interest and i told her that wasnt fair plus i dont want them to know the real value of my home!!! pls someone anyone help me!!!
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SolveStudentDebt View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 06/March/2006 at 9:40am

Who is it that you owe?

Why don't you want them to know the real value of your home? Do they even know that you are a homeowner? all they have to do is link up with the provincial assessment office and run an inquiry into whether or not the property you live in is yours - and how much it is worth.

 If you would like reassurance that you will be safe, it will require intevention to make such a determination. If there is something to worry about, the intervention will eliminate any risks to you. Anyone can come here and say that there is no need to worry, but without knowing your situation in depth, this is impossible to say.

Call me if you would like this sort of help.

Johnny

www.cfwgroup.ca

 

 

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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