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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fireyesblue View Drop Down
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    Posted: 15/October/2016 at 11:40am
Hi - without dragging this post out, I have an old federal loan that was taken out with Scotiabank in 1998/1999.  It is now considered a CSL2 and the Gov bought it back (yay me). I have been having my income tax seized for years. This loan is almost 20 years old and NOT ONCE have any payments been made or acknowledgement giving.  I receive monthly statements from ESDC? but the other  day, had a letter in the mail from CRA regarding this loan and it included a financial questionnaire, and how they wanted me to fill out both mine and my spouses (not happening - loan was taken out long before we knew eachother) information. The letter stated it was to help assess my situation and make my payments affordable and told me I had 15 days to send it in then asked me to sign and acknowledge the outstanding debt.  Why would or did CRA send me this questionnaire and how would you suggest I proceed? I don't plan on sending it in, so wondering if there is a motive behind this on their part?  Thank you!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 15/October/2016 at 4:13pm
The debt is likely statute barred... read up on the stats barred forum....

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Mark OMeara
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https://LaughSingWrite.com - http://bit.ly/heal2024
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