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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ranui View Drop Down
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    Posted: 22/October/2013 at 4:13pm
Hi
I have a BC Student Loan from about 6 years ago. It has recently defaulted and I'm now talking with the collections side of thing.  I have been told that I need to improve my credit so I can take out a loan to pay this debt(not an option nor would I qualify for one) or they may consider 6 months of payments at over 600/month if paying in full isn't an option and only to let things improve so I can get a loan to pay them. 

Are those my only options with this? Are they even allowed to say that I should take out a loan to pay them?

 I am employed and make decent money, but it is not cheap to live where I do and we have a pile of other bills that need to be dealt with as well. I currently have agreements with the Canada side of things and an old CIBC loan for small payments, but the women I spoke to didn't even mention payments except when I asked only to be told what they would expect for amounts (600-700).
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 23/October/2013 at 4:43am
Are you talking with Accounts Recovery Corporation on behalf of the BC Revenue Services?
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote ranui Quote  Post ReplyReply Direct Link To This Post Posted: 23/October/2013 at 4:59am
I believe so, whoever deals with BCSL as soon as they default at any rate.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 23/October/2013 at 8:16am
Revenue Services of BC is not normally thst aggressive. Sounds like a third-party agency collector.  In any event, your credit is what it is. Improving it does not entail taking out a loan. That is their motivational tool to hopefully scam you into going out and get one with a co signer. 
 
If youa re unable to pay in full then there are provisions for msaking payments. If you want mediation or even intervention services you can contact Heather or me if you want someone to help you out with this.
 
The agency's purpose is to earn commission, first and foremost. They would argue this in every instance. If their interest was in you then they would simply set up a payment plan and away you go, right. Smile If their interest wss in the BC govenrment then they would allow the same privileges to borrowers and treat people respectfully. When a wolf sees a wounded rabbit bleeding in the snow what does it do? Easy prey - easy feast. Students and consumers who are wounded by debt distress and exhibit fears of the system are bleeding rabbits in the snow among wolves lurking all around.
 
The CFW Group rescues these rabbits and nurses them back to health. Metaphorically speaking. Big smile
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote ranui Quote  Post ReplyReply Direct Link To This Post Posted: 23/October/2013 at 8:35am
Thanks Johnny, the number I have is for Rev Ser BC, at least when I google it that is what comes up.
 
I was told basically by the women I spoke to, that my options were take out a loan to pay them in full or pay them for six months HUGE payments and then take out a loan to pay them :/ . This was after I got a lecture on how I need to be improving my credit score with a credit card, loan , etc. They haven't mentioned garnishments but I'm sure that will be next. I'm not even certain it was legal for her to tell me to get a loan to pay them...
 
What kind of costs would I be looking at for mediation/intervention?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 23/October/2013 at 12:55pm
What outcome are you seeking?
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote ranui Quote  Post ReplyReply Direct Link To This Post Posted: 23/October/2013 at 1:29pm
Looking to at very least work out a reasonable payment plan and get harpy collection agents to take a hike lol
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 24/October/2013 at 3:21am
Are you looking for ongoing intervention and representation for the longer term or just a quick one to have this set up for you and then you manage on your own once established?
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote ranui Quote  Post ReplyReply Direct Link To This Post Posted: 24/October/2013 at 4:17am
Right now, just intial setup. If things are not working out, I would consider longer term.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 24/October/2013 at 11:10am
Les than $200 bucks for quick mediation like that.
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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