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 LockedStudent loans STOLE my tax refund!!

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Sunflower View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Sunflower Quote  Post ReplyReply Direct Link To This Post Posted: 10/January/2011 at 11:58pm
I agree that no-one is owed a living etc.  However, I do believe in fair play and in assistance for those unable to repay debts like this immediately.

When the student loans were moved from the CIBC to this new gov't department, I could no longer find them.  I tried and tried--to o avail.  Suddenly when I can not afford it any longer (as I had lost my job) they came out of no where (3-4 years) and seized my tax refund.  That money was my survival $ until I could get another job and to fix things in my house that were falling apart.

I simply would have appreciated it if they would have sent me a letter in the time I was searching for them.  I had not moved and they had ALL my contact info, but simply didn't bother.

It is of no consequence any longer....I have finished paying my student loans as of December!! Big smile 

Still, it pisses me off that they 'disappeared' and then when I was most vulnerable, they swooped in for the kill.
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kes123 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote kes123 Quote  Post ReplyReply Direct Link To This Post Posted: 15/February/2011 at 6:00am
hi all..i just recently requested all my t4s as i havent filed for my taxes since 2006..i hvae a student loan i havent been paying as i myself cant afford the monthly payments they required..in that case i havent filed my taxes..crazy i know..my question is will they automatically take my tax refund and gst owing to me for the last 4 years?? its going t be a good chunk of cash and i could use it right now as im unemplyed..tks
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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: 15/February/2011 at 7:43am
If they have a lien anchored in on it then they will confiscate it.
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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Sunflower View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Sunflower Quote  Post ReplyReply Direct Link To This Post Posted: 15/February/2011 at 10:01am
I'm sorry to inform you of this, but YES they will take all monies until the student Loan is paid in full. There is no real hiding from it, so if I were you, I would take care of it now.  

From what I understand, you will only be able to apply for 2 - 3 years of the GST credit. Unfortunately, CRA has indicated that they won't go back further.

Good luck!!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote KJF14 Quote  Post ReplyReply Direct Link To This Post Posted: 04/March/2014 at 2:35pm
I'm really frustrated. I couldn't get an extension on my student loans, so it went to National Student Loans. From there, I contacted them, and explained my situation, we agreed on 160.00$ a month payments which I could afford, I even paid more every month. I was making 200$ payments. I was making the effort to pay them back and get caught up like we agreed, then I did my taxes today, and they took it all. Nearly 3,000$. I worked hard for that money, and its gone! It makes absolutely no sense to me, that we're paying the Queen 20 million dollars to visit Canada, and within a couple years she's spent it all. The Premier of Alberta can take a government jet to take her daughter and her friends on a personal trip. How she can take tax payers money and go to a funeral and refuse to claim any of the expenses. How we has a country can spend 8.1 million dollars on medals, that we give out to the biggest clowns ever, like Justin Beiber and Rob Ford. We're spending billions of dollars a year as a country, and are spending it so incorrectly. So I went to school to get an education to better my life, but now that I have, all my money is gone. Making me education almost pointless, then just when you get a glimmer of hope getting your tax return, poof gone! Even though you had been making the effort to pay it back! I've worked my butt off for the past year, and done really well for myself, but now I'm struggling tooth and nail just to get ahead. It's criminal really, there should be policing of taxations. Building your ecomony will never happen, if you're always kicking the little man, and spending tax payers money on the most retarded things you can find. I'm sick of paying for the stupidity of our politicians. 
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