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 Locked25 + yr old Student Loan help

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Lastride View Drop Down
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    Posted: 25/April/2017 at 7:22am
I took out a Canada Student Loan in 1992 for $2990.00.
As time went by I was unable to keep making payments. In 2010 the govt took me to court and won a judgement against me.
In 20 years I have not been able to keep a tax refund,GST refund,EI settlement refund,etc.
I also declared bankruptcy in 2000 or so and was told then it should become Statutes barred but it never was.
Is there something I can do to get this to go away? They are still demanding $5900 from me when they have been paid back way more than that over the years.
No statute of limitations on this? Anything?

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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 26/April/2017 at 1:23pm
It depends on where the judgment was taken. If it was done so in Ontario then there may not be a limitation issue. To determine that it requires research and time. 

A lot of people feel the way you do about paying the principle more times over and the debt still exists. The government's ROI is interest, and they love to collect that. 
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 Lastride Quote  Post ReplyReply Direct Link To This Post Posted: 26/April/2017 at 2:20pm
Judgement was taken in Manitoba,2010. Bankruptcy was 2001.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 27/April/2017 at 12:57pm
Then you have to look at the Manitoba limitation law to determine what the limitation period is for judgments in that province. It goes by the provincial law at this point. 



Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

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