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.


  New Posts New Posts RSS Feed - [Ontario student load] Where to get information?
  FAQ FAQ  Forum Search   Register Register  Login Login


Forum Locked[Ontario student load] Where to get information?

 Post Reply Post Reply
Author
pipp View Drop Down
Newbie
Newbie


Joined: 08/July/2014
Points: 4
Post Options Post Options   Thanks (0) Thanks(0)   Quote pipp Quote  Post ReplyReply Direct Link To This Post Topic: [Ontario student load] Where to get information?
    Posted: 08/July/2014 at 3:24am
I went to school in 1999 for 1 year. I was a kid and stupid and didnt go to class (was still doing quite well) and got kicked out, my impression is most of my loan was returned since I was only in school a few months. I had a LOT of debts from that time and I now I have them all taken care of except the student loan, so I really don't want to have to declare bankruptcy to get rid of this. I have a LOT of current debt, a lot of it incurred taking care of the old debts but them I can handle, barley.

I did make payments on what was left of it for a bit many many years ago (2002 max) (I dont remember exact ally when)
I have a collection agency mailing/calling me for months now. But they recently stepped up their game and called work. And when I called them to ask them to stop calling work they kinda went aha now we know where you work so we're going to do a garnishment.

I was thinking of contacting cfw group (they have a few reasonably priced 'lets see whats up' services) to find out if its stats barred etc what my options are, but I have no information except for vague recollections. I cant even read the demand letter they sent me their printer was out of ink or something. Who/where can I contact to get the information any legal advice would want to have?


If I could pay it, I would just pay it, but I can't.
Back to Top
Sponsored Links


Back to Top
SolveStudentDebt View Drop Down
Moderator Group
Moderator Group
Avatar

Joined: 05/November/2003
Location: Canada
Points: 5996
Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 08/July/2014 at 7:26am
Hey. If it is an Ontario loan, meaning OSAP and owed to the Ontario government, then catching a limitation issue is certainly not a likely result. However if it is bank risk (Scotiabank, RBC< or CIBC); or federal guaranteed CSL then limitations apply.

What agency is calling you?

If you want a specific assessment and analysis done for limitation issues there is a special one we are putting out at a special rate for the summer and early fall. It's like $180 bucks.




Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

solvestudentdebt.com
Back to Top
pipp View Drop Down
Newbie
Newbie


Joined: 08/July/2014
Points: 4
Post Options Post Options   Thanks (0) Thanks(0)   Quote pipp Quote  Post ReplyReply Direct Link To This Post Posted: 08/July/2014 at 7:39am

Hi! Wasn't expecting to hear from the man himself :)

I've learned enough to know its the Bank risk portion (Scotiabank). Its ARO/ARC calling me (joy is the latest person specifically).

My impression was a large part of the loan was returned because I was only in school a few months so maby that applied to the government part? I've never heard a word from them. Never held back my taxes or anything.  I was also thinking maby theres some rule that the bank gets me first then the gov so maby if I get this taken care of then the gov part will come after me?

And I didn't know about the special but that's awesome. The assessment was what I was thinking of. But I didn't want to sign up for it without being able to tell you more then 'er, yea, I had a loan' I figure you need a bit more then that. So I was posting here to find out how I could get the information your going to need. But I'm terrified I'm going to do/say the wrong thing and end up resetting the clock and getting garnished and losing everything. Freaking out, basically.


Back to Top
SolveStudentDebt View Drop Down
Moderator Group
Moderator Group
Avatar

Joined: 05/November/2003
Location: Canada
Points: 5996
Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 08/July/2014 at 8:23am
As long as you know who you owe then we are all good. Before you even think about going in feet first you need to know what the strength of your case is, and of course risk assessment.  Limitation issues are not so cut and dry, especially with the privates.  Also, you may very well have 2, even three loans.

I can assess to determine case strength and piece things together for you so we can determine if it warrants an examination and discovery. It requires 45 minutes to an hour of your time and mine. Maybe less, depending on how much I can get out of you.

If you are in position for an examination and discovery and you want us to do it then cost is very reasonable. 


Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

solvestudentdebt.com
Back to Top
SolveStudentDebt View Drop Down
Moderator Group
Moderator Group
Avatar

Joined: 05/November/2003
Location: Canada
Points: 5996
Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 08/July/2014 at 8:26am
If you want to get hold of one of us quickly write to me here (ask for me specifically) Make sure you leave contact info so I can reach you at a date and time that works for you, ok?

http://www.cfwgroup.ca/contact-us.html
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

solvestudentdebt.com
Back to Top
pipp View Drop Down
Newbie
Newbie


Joined: 08/July/2014
Points: 4
Post Options Post Options   Thanks (0) Thanks(0)   Quote pipp Quote  Post ReplyReply Direct Link To This Post Posted: 08/July/2014 at 8:47am

I know its not cut and dry, I tried to do the research myself, but the rules changed right around when I got my loan and there's at least 2 parts to the original loan. And when the price of getting it wrong can be garnishment to the point that my family loses everything....I'd rather have someone who knows what their talking about look at it.

I filled out your contact form. I like the idea of reasonable because if I had money to throw around, I'd pay the loan!

And something's messed up on your contact form, wont let you submit if you select the Assessment & Analysis as the 'service'

Back to Top
SolveStudentDebt View Drop Down
Moderator Group
Moderator Group
Avatar

Joined: 05/November/2003
Location: Canada
Points: 5996
Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 08/July/2014 at 11:31am
I got your message and responded to you by email.  Now we can get this stuff worked out for you.
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

solvestudentdebt.com
Back to Top
 Post Reply Post Reply

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 12.07
Copyright ©2001-2024 Web Wiz Ltd.