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 LockedPaying back 7 year old loan - How to proceed?

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JohnS2017 View Drop Down
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    Posted: 08/March/2017 at 3:03am
Hello all,

I have a student loan dating back to 2009-2010ish that for various reasons I allowed to go into default (lack of financial stability, sidetracked by family crises, just plain ignoring it, etc). Now that I am a little more settled, I intend to contact the agency holding the loan to arrange repayment and attempt to rehabilitate the loan and pay it down to zero in a decent timeframe. Quick notes:

- The loan is currently at around $8000, up from $6500ish originally. I am not in a position to pay it all outright

- I'm pretty sure there is a lien on my tax returns, though I have not filed for a tax return since I left school

- My grades were generally good across the board but I did not successfully complete the program I was in. My family have a history of depression, bipolar, and sleep disorders. Complications related to both my own difficulties and helping my family cope with theirs were a big contributor to my inability to complete the program successfully. I have access to supporting documents.

- I have been working full-time for the last two years. In the time previously, I lived with family, attended full time school off and on while working (tuition paid out of pocket), and was recognized as single dependent under my mother's ODSP. I no longer live with my family.

- I am not working in a field directly related to any of my studies

- ARO collections has my loan. I have not spoken with them.

I'm assuming step one is calling the agency. How should I proceed from there? What information would I be expected to provide/what information should I withhold? Are there options for relief or repayment assistance available to me? How do I not screw myself?

Thanks in advance
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SolveStudentDebt View Drop Down
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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 7:12am
ARO, collecting for Ontario student loans presumably. You can have the loan set aside if there is a case for it. There is a way but you have to have a solid case to generate cause for that sort of action. I can give you a thorough assessment to determine case strength if you want. 
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 JohnS2017 Quote  Post ReplyReply Direct Link To This Post Posted: 08/March/2017 at 1:15pm
Thank you for the prompt reply. I've looked over the assessment/analysis tab on the cfw website. What materials should I gather before scheduling the appointment?
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Also, are there any factors you list off in a general sense that would disqualify having the loan set aside as an option for me?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 09/March/2017 at 6:35am
Hi John

You just have to answer a bunch of questions and I have to put a puzzle together for you. You know your situation better than anyone, so I will put together a case - piece by piece if you have one with the information you provide. 
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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