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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Freya View Drop Down
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    Posted: 29/September/2016 at 1:30pm
Can a Federal or Provincial student loan be made, "stats barred", simply by how old it is? In other words...if it/they, are older than ten years from the time of issuance...are they considered, "noncollectable"..or stats barred, in any way?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 03/October/2016 at 1:07pm
Age only matters IF there has been no action on your part (or theirs) that would cause the limitation to reset or survive. Never assume any debt is barred unless you know for certain. Assumptions cost people a LOT of mon ey when their assumptions are incorrect. 
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote z121z Quote  Post ReplyReply Direct Link To This Post Posted: 08/March/2017 at 1:08am
How can you find out unless you contact them? Does the barred status show up on a credit agency report?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 08/March/2017 at 7:19am
Contacting them. The student loan system is trying to collect money. Not arm you with information that would otherwise cause them loss.  The collection agents (first and private 3rd) have absolutely no clue what is or is not statute barred any way. They are simply told to tell you "no such thing, or just no". 

Limitation discovery is like surgery or autopsy. You got to cut it open and look for cause of death. If it's heart is still beating, you have to find out why, sew it back up, and take what you have discovered to formulate the best course of action in dealing with it. LOL 

Now, back to less morbid discussion, a statute barred loan is not permitted to be reported. If it is, then the results of the autopsy as cited above will cause it to purge. 
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote z121z Quote  Post ReplyReply Direct Link To This Post Posted: 11/March/2017 at 2:10am
Thanks Johnny! 

So if I understand correctly from the various postings here, you don't know until you contact the student loans agency directly. However, by contacting them, it might also "wake up" the loan. 

In this case it's best to only contact them when you're ready to deal with the worst case scenario. 

If it is barred, then it's up to the individual to contact the credit agencies to inform them to take it off your report - because this will not happen automatically. 
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You can assume or discover. It is always best to discover because what most people assume may not always be the case. 

Waking up a loan is what happens when a borrower contacts the lender out of the blue when it is not statute barred and still legally recoverable. In a case like this - when you call, they smell money. 

Before August 2004 limitation disruption was not an issue. Basically, the Crown was of the position that they could not resurrect the dead student loans by any means. However, when the legislation changed in 2004, the law made it so a borrower can cause a debt to rise from the dead if they do or act in some way that breathes life back into it. 

I have been working with people on limitation issues now for 17 years. The number of calls and online service requests we get from people who undermined their own cases are plenty.  This is what happens when you go staggering in on a sleeping lion's den unarmed. 

As for credit reporting - if a debt is statute barred then it cannot be reported. But - if one is reported then the onus is on the one who it is reported on to prove otherwise. 

This is something else for EVERYONE to take in to consideration nowadays. The financial and lending communities are heavily reliant on creditor's rights advocates in law. Lawyers are VERY crafty in their work to undermine you if it means loss to the institution they represent. In some cases, these lawyers go out of their way to do things that are questionable and stand arrogant knowing that people cannot afford to hire attorneys to fight them. This forum and one of my companies (The CFW Group Inc) fight for student loan borrower's and consumer's rights to fairness and safety. Enemies are many but that is expected when something good does battle with something very bad. 

The system can be very bad - but so can some people the system is pursuing. The system tries to attack us when an upper hand is gained, and sometimes people attack us when we refuse to help them cheat and deceive the system. It is a vicious circle. 
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 Freya Quote  Post ReplyReply Direct Link To This Post Posted: 13/March/2017 at 4:58pm
Thank you very much for your reply. For the time being, I am letting the lion stay asleep.

Yes, they seem to get you any which way they can. Currently they are making me pay for an "overpayment" on my student/tuition tax credit claimed on my tax assessment. I swear that I cannot win with those people.

This overpayment was their doing, not mine.

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