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 LockedWant to Pay Back Collectcorp, Need Advice

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Physalis View Drop Down
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    Posted: 26/July/2008 at 3:29pm
So to make a long story short I owed York University and then all of a sudden one day I get a call from Collectcorp.  This happened before I was working and I had no money whatsoever to pay them.

Since then I haven't gotten any calls from them at all and it's been several years!

I'm worried that in that time they've been charging me insane interest.  The person I spoke to never said anything about any interest or what have you.  Can they charge me interest during that period?

I'm worried if I call them now they'll give me some insane figure and I'll pretty much be alerting them that I now have money.

I want to pay them back and get this off my back but I'm worried that it might have ballooned into something much bigger than it was before.

Just what are my rights in this case?  Is there anything I can mention (any sort of laws) that will help me out?

I assume that I should call Collectcorp rather than my university.
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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: 26/July/2008 at 5:20pm
You posted the same post on our forum at www.cfwgroup.ca/forum. You can view my repsonse to your post there.
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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Physalis View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Physalis Quote  Post ReplyReply Direct Link To This Post Posted: 26/July/2008 at 5:37pm
Sorry thought it was a different forum so thought I'd try my luck on both.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 27/July/2008 at 11:27am
It is a different forum. I just remember reading the exact same post on our forum.
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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