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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Plomobic View Drop Down
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Joined: 25/February/2014
Location: Ontario
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Plomobic Quote  Post ReplyReply Direct Link To This Post Topic: Odd situation
    Posted: 25/February/2014 at 7:26am
Hi, I have an odd situation, I defaulted on my student loan from 2007 and it went to collections, I then re-enrolled in school and rehabilitated the Canadian portion of the loan, but as the Ontario portion wanted payment in full it was not rehabilitated and remains in collections. So for the past four years I have only been receiving the Canadian portion and have not touched the one in collections. The one in collections has been taking my tax refund every year and now sits at about 13000, I just viewed my equifax report and the date of last payment way in July 2009. So am I right in assuming that it will be wiped in just over a year? I want to pay it, to get it off my report, but that will take longer then if it just goes of my report in just over a year. Should I let it drop off and then repay it?

Any help is appreciated.
  
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