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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Forum Lockedjust defaulted on csl will cra take my tax refund

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Zeek View Drop Down
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    Posted: 24/April/2014 at 4:14pm
Hi. New and first post. After years of diligently paying my loans I just defaulted. Received statement of account from employment and social development dated April 5 for 95000 with due date April 26. Back notes cra is authorized to withhold refund. Just did taxes April 18 cra quick view notes they've been assessed. Called telerefund and message said have made changes that r explained on your notice of assessmet that u will receive may 13. Does that essentially been cra will keep my refund. Quite upset asneed the cash. Thanks for any info
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Zeek View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Zeek Quote  Post ReplyReply Direct Link To This Post Posted: 24/April/2014 at 4:17pm
Oops 9500.00 I meant....but hey neither here nor there with all the errors cibc has made in the past
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Zeek Quote  Post ReplyReply Direct Link To This Post Posted: 24/April/2014 at 4:45pm
Also ...is there anything one can do to have the tax refund released eg make payment arrangements? Tx
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Zeek Quote  Post ReplyReply Direct Link To This Post Posted: 26/April/2014 at 9:24am
Please help....any info or advice would be appreciated.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 26/April/2014 at 5:45pm
If your federal loan is in default then any money due back to you in the form of an income tax rebate will be taken. It is an automatic procedure called "set off".  It is described in the CSL Act.

The only way to remove this lien is to rehabilitate your loan, or appeal to have it removed based on financial hardship with extenuating circumstances. 


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 Zeek Quote  Post ReplyReply Direct Link To This Post Posted: 27/April/2014 at 8:06am
Thank for your response...I was hoping that given that the default occurred so recently there was a time lag for cra to take the return.
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