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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mayrose View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote mayrose Quote  Post ReplyReply Direct Link To This Post Topic: student loans
    Posted: 04/April/2007 at 1:59am
To anyone in my shoes,
I have a huge student debt-and have not secured a job that would reflect the debt   incured. While I was going to school, I was a single sole support parent of 2 teenage boys. I am turning 50 this year--and because of this debt--have been hospitalized for anxiety/depression. I am still on interest relief--but that status will change at some point--and I have no idea how I am going to be able to live. I'll likely become homeless--and this is not an exaggeration. I remain in this city where the jobs are few--and the job I'm working at in no way reflects the education I received-because I still have my 2 sons--who are close to moving on their own-but not yet there--and one son who is stil completing his gr. 12.
In the U.S.-they have programs to help cut student debt. What's wrong with our govt.? I would love to hear from anyone else--who may be in the same boat. Best..Mayrose
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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 04/April/2007 at 4:27am
After interest relief you may qualify for debt reduction... so there is some hope...
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Mark OMeara
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https://LaughSingWrite.com - http://bit.ly/heal2024
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