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 Lockeda little advice needed

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jess81 View Drop Down
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Joined: 19/December/2007
Location: Canada
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Post Options Post Options   Thanks (0) Thanks(0)   Quote jess81 Quote  Post ReplyReply Direct Link To This Post Topic: a little advice needed
    Posted: 19/December/2007 at 8:13am
Hello everyone!
 
I'm in a little bit of a pickle......without going into too much of a sob story I will just explain the basics of my situation. I went to school back in 2004 and I've defaulted on my loan of 27,00 a few times due to harships, I've done the whole interest relief thing, I may have not used up the 5 years worth of it yet bit it seems that evertime I apply fo it, there seems to be some sort of complication with the loss of forms and such. Anyhow I've been putting what I can down on my loan since then, 50$ here 20$ there but the fact is that I can't afford the 350$ a month that they want, I'm just scraping by as it is now. Does anyone have any suggestions? Will they send my loan to collections? Will they garnish my wages?
 
Thanks in advance
 
Jess
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Rachel Paige View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Rachel Paige Quote  Post ReplyReply Direct Link To This Post Posted: 24/December/2007 at 5:12am
After many years of trying to resolve a similiar case (my own), and trying to negotiate monthly payments unsuccessfully, I called John LeBlanc at The CFW Group. Within 48 hours or less, they had agreed to accept the exact same mthly payments from CFW that they categorically refused from me. And the phone calls stopped immediately. So did the stress and worrying on my part (they call me at work). CFW will also explain this very complicated terrain to you, but honestly, for that reason - because it is so very complicated and requires specialized knowledge - you need to hire an Advocate. It seems counter-intuitive to give $ to CWF instead of paying down your loan, but this crazy system means it is money well spent. You will have peace of mind. And truly, the rates are very reasonable. I hired CFW once several years ago and every six months or so the calls start up again and I have to contact them to make it stop. All of that is included in the original fee. So you get years of advocacy for a relatively small amount of money.  -- Rachel Paige in Toronto
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