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.


  New Posts New Posts RSS Feed - Seeking info and want some help
  FAQ FAQ  Forum Search   Register Register  Login Login


Forum LockedSeeking info and want some help

 Post Reply Post Reply
Author
mbfinn View Drop Down
Newbie
Newbie
Avatar

Joined: 09/March/2011
Location: Winnipeg
Points: 1
Post Options Post Options   Thanks (0) Thanks(0)   Quote mbfinn Quote  Post ReplyReply Direct Link To This Post Topic: Seeking info and want some help
    Posted: 09/March/2011 at 1:33pm
Hi.
I have a Student loan from Ontario which came due in 1999. It should be noted that it was a combined Canada Student loan and Ontario Student loan. I have never been in a good financial position to pay on these loans, and as a consequence they went into default. I went to School in Manitoba, and currently still live there. I briefly moved back to Ontario, but left 6 years ago this spring.

A few years back the Federal Gov't started withholding my tax returns to pay back the Canada Student Loan, but the Ontario Student loan was never touched. I do know that it is no longer on my credit report, and my credit rating has been slowly getting repaired over the last few years, and as such I'm hoping to be able to get a mortgage soon as mortgage payments are actually cheaper than rent for me and my family.

Today I received a call from ARC (I think was what she said) Informing me that they were willing to offer me a 'deal' on the 8400 still remaining by letting me pay it out at $7600. I never made any commitments, or accepted any kind of offer, simply stating that i didn't have that kind of money avaliable to me right now. She gave me her number and told me I should call her back on Friday, once she had pulled my credit file.

So, a couple of questions here. First, I never gave her permission to run a credit check on me, is she allowed to do that without it? I know that in my line of work when I need to run a credit check on a customer I require their consent, usually written. The bank needed the same thing from me when they were looking into my worthiness for a mortgage.

Secondly, do I actually need to deal with the collections company? Looking on the internet I came across this site and the information about Statutes Barred loans, and as near as I can tell, this fits the qualifications. It's been much more than 6 years since the loan came due, was before 2002, I've never made any payments, nor have i sent them anything in writing acknowledging the loan or intent to pay it.

Any help would be most appreciated. I've done a lot of work making up for my irresponsibility when I was younger and now that I have a common law wife and 2 kids I don't want to do anything that would mess it up for them.

Thanks In advance.
Back to Top
Sponsored Links


Back to Top
 Post Reply Post Reply

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 12.07
Copyright ©2001-2024 Web Wiz Ltd.