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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omkara View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote omkara Quote  Post ReplyReply Direct Link To This Post Posted: 02/February/2012 at 1:32pm
Hey moonshadow whatever happened to your case? I know you sent them the two letters stating you never got proof of the debt and thus you weren't liabl but what happened after? Today's Fev 2nd 2012 and I just got that registered mail letter damn it! Lemme know pls. Thanks.

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EWF004 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote EWF004 Quote  Post ReplyReply Direct Link To This Post Posted: 02/March/2012 at 1:39am
Hey there..

I too would be very interested to find out what has happenned? I am in the same boat as you were / are?


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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: 02/March/2012 at 6:01am

You were sued?

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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EWF004 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote EWF004 Quote  Post ReplyReply Direct Link To This Post Posted: 02/March/2012 at 9:16am
Sorry - i only had a threatening letter in the mail but I wanted to see how serious I should take it.
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Nora View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Nora Quote  Post ReplyReply Direct Link To This Post Posted: 05/March/2012 at 7:51am
Hello,
I recently got served with a lawsuit. I have been out of school for about 4 years now. I have not paid anything from my student loan of about $8300.00, $8900 interest included. I have been filling out my tax returns and they are withheld and go straight to my interest. I didn't even bother filling them out is year.

I work for a janitorial company I make about $1500 a month, I have a little 2 year old. My money goes towards my rent and my daughter I barely have anything left at end of the day.

I was wondering if there's anyway CSL can settle for an amount if I can come up with it. I have spoken to a collectors agent and explained at its rarely ever done but I can try.

After I got the law suit, I received a call from someone I don't know if she was a lawyer or what. But she told me that I need to start making payments of $150 a month. I told her I can't afford that with the interest, I explained that I going to try seeing they I can offer a settlement. She said I can't do that and if I try writing them they will not answer and they will just transfer me to her again.

I really need help please, I'm desperate I need to know if it's possible for me to offer a settlement after being sued, and how to go about doing it if I can. Please help...


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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 05/March/2012 at 9:26am
The government of Canada is basically suing as many people as they can find the3 time to. THis is becauase of the huge losses in the decade-old back log of statute barred defaults, and many that are due to become statute barred. 
 
 
If you want help with this you can contact us privately. There are fees though and is not a pro bono service. If you are experiencing hardship with one or any number of circumstances ranking higher in severity then you can ask for debt reduction. The success of this is all based on the strength of your proposal. If the hardship you are experiencing has been long-term for you than there are other measures you can take. I really can't give you advice on which way to proceed because I do not know enough about you and the histroy of your hardship(s).
 
I specialize in this particlar area and if you want help it is certainly here for you.
 
Best - Johnny  
 
 
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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Post Options Post Options   Thanks (0) Thanks(0)   Quote Nora Quote  Post ReplyReply Direct Link To This Post Posted: 05/March/2012 at 11:06am
Hello Jonny,
I sent you a message on the web link you gave me.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 06/March/2012 at 8:12am

Ok. Stand by.

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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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 06/March/2012 at 8:19am
EWF - if the letter you received is from Canadqa Revenue agency and says that your file is being referred to the department of justice then it should not be ignored,  nor should any notice from the govenrment. THis day and age CRA is suing everyone they can get to because of the $310 Million in limitation issues over the last ten years.
 
The people who are at most risk right now are those who have outstanding student loans and have not acknowledged them for at least 2 and a half - three years from the date of subrogation. They are also paying close attention to accounts that are due to become statute barred in 2012.
 
I started teaching (and warning) about this 3 years ago or better. Then: The time is coming. Now: The time has come.   
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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