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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PoorolME View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote PoorolME Quote  Post ReplyReply Direct Link To This Post Topic: Timeline
    Posted: 10/August/2007 at 8:30am
Ok, if this topic has been covered, I appologize for asking about it again, but I didn't see any sight of it. My question is, how many years can a collection agency atempt to collect a debt from you? I've heard that it can't go beyond six years of the last time they were in contact with you (for example, you move and they have no record of your new address). I know for a fact that they can "shop" you around...one agency tries for a few months to collect, then it bounces to another one and so on...I dealt with one situation like this and paid it up in full...but now I found out that TD Canada Trust wrote off a debt I had with them for about $2000 in 2003. This debt was sent to a collection agency and they've been taging on interest for four years and they want $3200 now...so, if I don't contact them for 10 years, will this get shopped on at the original debt of $2000? Because my other debt that was being shopped around wasn't acruing interest at all and this current one seems to be increasing at a crazy rate...
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