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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ZaphodBeeblebrox View Drop Down
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    Posted: 26/March/2014 at 10:33am
Hello,
I graduated back in 2001, having taken my last loan out in 1999. I immediately went into default and the bank who issued the load (CIBC) transferred it to the Quebec financial aid department.  Dealing with with them has been unpleasant, and my repayment history has been spotty at best. I haven't paid anything to them in over 2 years now as I cannot so I thought it best to simply avoid them as they are unwilling to be rational. I did go back to school in 2008, so I understand I reset that arbitrary clock for bankruptcy. Getting ANY information on Quebec loans is next to impossible and their website is unilingual French to further hinder my efforts.
Question is, if they haven't done anything legally to me in in the 15 years since I last collected loans and my credit score has not been affected at all - have I unknowingly reached some kind of time limit where they cannot do anything other than annoy me? To be perfectly honest, I intend to never give them a cent again.
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ZaphodBeeblebrox View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote ZaphodBeeblebrox Quote  Post ReplyReply Direct Link To This Post Posted: 08/April/2014 at 1:44am
Nobody can help? I find the only site that looks promising and it turns out to be as useless as tits on a bull. Great.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 08/April/2014 at 7:03am
Sorry, there haven't been many posts on this site about quebec loans.  Anyone who can respond?
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Mark OMeara
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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 08/April/2014 at 7:04am
Perhaps you can repost this in the Bankrupcty forum.... it might get more answers there...
There are some cases reported that the clock is not reset if you did not go back to school using student loans.

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Mark OMeara
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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 08/April/2014 at 7:10am
Here's info on a post that may help....

This is an important case posted here for your info....  I've copied form another subforum.  Thanks to LtClout for providing this link.

That is: The BIA refers to: "a loan" -- not "all loans" -- as noted by the Bankruptcy Registrar (judge) in the Hildebrand (Re), 2010 SKQB 321 case.

 

See: http://canlii.ca/en/sk/skqb/doc/2010/2010skqb321/2010skqb321.html

 

Also: The language of "ceased to be a student" follows from the language of "a loan." Logically, then, "ceased to be a student" is relative to the specific loan that was issued.

 

This particular court ruling is the best I've seen so far. It also cites a number of other relevant cases.

 

bankruptcy - Canada Student Loans - return to school - ceased to be a student - ruling - judgment - judgement - debt - discharge
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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: 08/April/2014 at 7:30am
A limitation period for a Quebec loan is different that those elsewher4e in Canada.  It is actually 5 years providing no formal final demand notice was issued by the office of the finance minister, or acting authority to it.  The limitation clock is then set for another 5 years, totaling 10.  The Quebec government usually issues these documents out shortly before the expiry of the initial limitation period.  If no document has been issued by them then the 5-year period applies. So, assuming a Quebec loan is barred at any point is rather dangerous, the same as assuming that of Federal loans.   
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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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 08/April/2014 at 7:41am
Zaph wrote:

"To be perfectly honest, I intend to never give them a cent again."

This is not the place to seek advice for that sort of nonsense any way. 
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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