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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MrBee View Drop Down
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    Posted: 20/November/2011 at 7:38am
Hi!

I have two loans - one with the Government of Canada and one with Manitoba. No bank loans to speak of. I'm in the RAP and have been for about ~36mo now so heading toward stage 2 but not there yet.

My question is this: will the government collect my tax refunds while I'm in the RAP? GST refunds?

Any help would be very appreciated.
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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: 20/November/2011 at 11:17am
Income tax or GST liens are anchored only if the loans go into default.
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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MrBee View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote MrBee Quote  Post ReplyReply Direct Link To This Post Posted: 20/November/2011 at 4:12pm
In other words, I'd need to stop applying for assistance and not cough up the minimum payments? That is a relief. A HUGE relief. As nice as it would be to have a sizable chunk paid off, as long as I'm not currently paying interest on it, it seems much more in my favour to have that money in my pocket to try to propel myself into a better position to pay off those student loans. 
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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: 21/November/2011 at 9:53am
I just answered your question about the income tax and GST seizure query of yours. Review the RAP policy for other details.
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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