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 LockedAddresses for Rehabilitation of Loans

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    Posted: 29/November/2010 at 8:01am
Dear Mr. O'Meara:

I am in receipt of  your follow-up internet correspondence of November 4, 2010, requesting contact information for Canada Student Loan borrowers experiencing difficulties with the collection of their defaulted student loans.

As you know, changes to the legislation governing Canada Student Loans over the years have resulted in three distinct loan regimes (Guaranteed, Risk-shared, and Direct). The specific regime that a loan was issued under determines how and by whom its recovery is managed. For example:

§         Guaranteed Canada Student Loans (i.e., loans that were disbursed by participating financial institutions prior to August 1, 1995) are returned to the government and are recovered through the Canada Revenue Agency (CRA).

§         Risk-shared Canada Student Loans (i.e., loans that were disbursed by participating financial institutions between August 1, 1995 and July 31, 2000) are not returned to the  government (except for a very small percentage per year), and are collected through the financial institutions' own collection methods.

§         Direct Canada Student Loans (i.e., loans that were disbursed on or after August 1, 2000) are recovered through the Canada Revenue Agency (CRA).

 

Borrowers experiencing difficulty with the collection of their Guaranteed or Direct Canada Student Loans should contact the CRA at the following address: 

 

Canada Revenue Agency
Non Tax Collection Directorate
875 Heron Road 6th Floor
Ottawa, Ontario
K1A 1A2
English line: 1-866-336-7565 (toll free)
French line: 1-866-336-7566 (toll free)
Facsimile: 1-613-952-2754

 
Borrowers experiencing difficulty with the collection of their Risk-shared Canada Student Loans should contact the financial institution holding their loan.

 

In the event of a dispute, a borrower may wish to contact the Canada Student Loans Program (CSLP) by calling the National Student Loans Service Centre (NSLSC) at 1-888-815-4514 (toll free) and ask to be transferred to the CSLP. Individuals may also contact the CSLP directly, at the following address:

Canada Student Loans Program
PO Box 2090, Station D
Ottawa, Ontario
K1P 6C6
Facsimile: 1-819-953-6057

 

If a borrower would like a ministerial review of their file, he or she should write to the Minister of Human Resources and Skills Development at the following address:

The Honourable Diane Finley, P.C., M.P.
Minister of Human Resources and Skills Development
140, Promenade du Portage, Phase IV
Gatineau, Quebec
K1A 0J9

Thank you for taking the time to write.

Sincerely,
 
Senior Director
Canada Student Loans Program
Learning Branch
Human Resources and Skills Development Canada
 
Administrator
Mark OMeara
Author of Let Go and Heal: Recovery from Emotional Pain
https://LaughSingWrite.com - http://bit.ly/heal2024
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