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 - Provincial Loan with MOF
  FAQ FAQ  Forum Search   Register Register  Login Login


Forum LockedProvincial Loan with MOF

 Post Reply Post Reply
Author
ap2333 View Drop Down
Newbie
Newbie


Joined: 07/February/2014
Points: 8
Post Options Post Options   Thanks (0) Thanks(0)   Quote ap2333 Quote  Post ReplyReply Direct Link To This Post Topic: Provincial Loan with MOF
    Posted: 12/August/2015 at 12:04pm
Hoping someone can give insight on urgent matter.  Quick overview:

- ontario student loan (with ministry of finance) that defaulted over 10 yrs ago.  
- Batted around to various collection agencies.  
- CRA has withheld tax (gst disbursements) over last yr.
- Not on my credit report
- Latest agency warns may refer to MOF & recommend legal action (what would this be?)

Questions:

- Given time lapse, would they send back to Ministry or is this rhetoric given it has has shuffled to numerous agencies throughout years?  Would they just continue to garnish tax/gst returns or would they look practically to sue/garnish more than tax return?

- Main concern is avoiding negative spot on my credit.  What if anything(?) at this point could cause it to show back up on my report?  If so, timeframes?.  If I tried to gather funds to pay off would it automatically show up back on my report afterwards?

Any responses would be sincerely appreciated.   





 

Back to Top
Sponsored Links


Back to Top
ap2333 View Drop Down
Newbie
Newbie


Joined: 07/February/2014
Points: 8
Post Options Post Options   Thanks (0) Thanks(0)   Quote ap2333 Quote  Post ReplyReply Direct Link To This Post Posted: 12/August/2015 at 3:02pm
Like to clarify:
for old ministry of finance ontario student loan defaults, is the worst outcome the set-off program (income tax refunds, gst rebates) or can they go even further?  i.e. garnishments (wages, property, etc)?



Back to Top
administrator View Drop Down
Admin Group
Admin Group
Avatar

Joined: 25/January/2003
Points: 1798
Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 15/August/2015 at 1:31am
First of all, please let us know why you defaulted... 
Administrator
Mark OMeara
Author of Let Go and Heal: Recovery from Emotional Pain
https://LaughSingWrite.com - http://bit.ly/heal2024
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.