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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Mark View Drop Down
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Joined: 04/December/2013
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Mark Quote  Post ReplyReply Direct Link To This Post Topic: Advice?
    Posted: 04/December/2013 at 6:16am
Hello,

I have about $45000 debt mostly student loans from 1999 Alberta and 2007 quebec (plus federal).

I am committing to live a spiritual life.

I told all the debtors I would have no more income , my tax return was taken from last year as I have been full time volunteering for 2 yrs with no income.  I understood after 10 yrs the student loan will not be pursued to be collected?  and otherwise any income I have can be garnished.

Any ideas who I can contact to get more clarity about my options as I am looking to make a commitment into spiritual living and need to give more clarity about my situation before being accepted as not just running away from debt. ( ! :).

I typed another message but it was not accepted because of spam filter so could type more maybe later.

Thank You!
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kymbeee View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote kymbeee Quote  Post ReplyReply Direct Link To This Post Posted: 21/July/2014 at 6:06pm
Did you ever get an answer on this Mark? I'm not an expert by any means, but I don't think that sounds right. Your student loans don't just 'go away' after 10 years. It used to be that your student loans would not be absolved as part of a bankruptcy until you had ceased to be a student for 10 years. That was shortened to 7 years, or 5 years in a case of hardship.

If I misunderstood and you have or are filing for bankruptcy, you should be able to talk to your trustee about this. If you have not or are not planning to file for bankruptcy, I believe you are still accountable for your student loans until they are either paid off, or they are discharged as part of a bankruptcy.

Be careful with your Quebec student loans. They're tricky! I recently received a letter from the Govt of Quebec telling me that I owe $1500 in interest that they paid during an interest relief period dating back to 1994/95... even though the full student loan was paid off to the Caisse Populaire in 2001. It took the Govt of QC twelve frickin years to let me know I owed them money!!! None of this will be the case for you though, as the legislation has all changed since then... but I still wouldn't trust them! If you live in Quebec, they will take it off your income tax returns, but if you live outside of Quebec, they will send it to a collection agency.
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