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 LockedMy parents credit are bad and I need a cosigner

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Location: Vancouver, BC
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Post Options Post Options   Thanks (0) Thanks(0)   Quote BCaviator Quote  Post ReplyReply Direct Link To This Post Topic: My parents credit are bad and I need a cosigner
    Posted: 15/June/2016 at 12:47am
Hello, 

I am in need of some advice. I am an aviation student in a 4 year BBA - Aviation program and am relying on gov't student loans to pay for my tuition and flight training. Because flight training is very expensive and has very tight regulations on hour requirements and time restrictions, I need to finish certain phases of training by certain dates. Due to being from a low income family, my family can't help and I can't wait until the next school year for gov't funding as certain deadlines are coming up. 

Recently I went to apply for a student line of credit at TD bank and upon doing a credit report on my father (who cosigned), they found he has 2 actions against his credit. I have already payed one off as it was a small amount but the second one is quite significant. My father had canceled an old TELUS account a few years ago and the agent he spoke to didn't cancel the service properly and charged us for service equipment... TELUS won't help us resolve it. My dad being a stubborn air head doesn't want to pay it off and says "I don't care if they put it on my credit, I'm never going to need a loan", but what he doesn't get is that I NEED THE LOAN TO FINISH SCHOOL! He's fully willing to leave his credit in terrible condition. I however want to clear his credit so I can get my student loan approved. Even though we own our own home and have decent income, the bank won't approve it because their regulations on approving loans are based on credit.

The debt has been transferred to CBV Collections and is for approximately $1400 but the only way I can pay it off is if I use a credit card... (-_-' ) I'll have to take on a small loss to prevent a big one I guess...

My question is, is there any way to get the amount reduced?

Any help would be immensely appreciated. This ordeal has been extremely stressful and I haven't been able to sleep for a week.. I just want someone to trust in me and help me out with the loan but none of the banks can help and even my own family can't help... hopefully someone here might be able to; or at least steer me in the right direction.

Thank you in advance for your consideration!

MAA
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