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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marks29 View Drop Down
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Joined: 26/February/2014
Location: ontario
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Post Options Post Options   Thanks (0) Thanks(0)   Quote marks29 Quote  Post ReplyReply Direct Link To This Post Topic: TCR -Wants full payment by friday
    Posted: 26/February/2014 at 3:26am
Hi

I wish i had seen this website before tryign to deal with them.

I got in contact with Agent Rony K with TCR

My OSAP was split into the HRDC and Ministry of Finance(TCR) portions

I owe HRDC-16,000 and MoF 13,000.

I worked out a payment plan with hrdc but the MoF sent my file to TCR now they want me to come up with full amount  by mar9th or they will put a lein on my S.I.N.  to take any tax returns or benefits I may receive. Rony's only offer for settlement was 12000 by Friday or $600/month payment plan(with it being reported to my credit for next 9years)

She has be pressuring me to get my parents involved to take out a bank loan to pay off the amount or have my parents tap into their home equity.

I wanted to know, should i involve my parents credit? Can the collection Agency put the lien on my S.I.N. #? and if I am unable to make the $600/ month payment what other options do I have.

My credit isnt that good and I am raising my daughter alone and sending money back home to support my wife and son.

I work part time and my guaranteed paycheck is 750 before tax every 2 weeks
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tkarmy View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote tkarmy Quote  Post ReplyReply Direct Link To This Post Posted: 06/March/2014 at 12:26pm
Collection agencies CANNOT put a lien on your taxes. Only if you owe a debt to the crown then the crown can take your income tax. The collection agency is lying to you.
 
I believe they also have to take whatever payment you offer and once they accept payment they have to stop bugging you.
 
They are sharks don't let them intimidate you.
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