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 LockedStudent loan in default

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lemondeli View Drop Down
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    Posted: 07/December/2017 at 1:45pm
I have a student loan at around $25,000 combined for both federal and provincial portion. The loan went into default at the end of 2015. However, I was outside of Canada at the time and it wasn’t until 2 weeks ago when I came back to Canada that I found out about the default.

From my phone calls to CRA and my province I found out I have accumulated an interest of over $3700 total and rising still.

A little background on my situation: I left school unfinished beginning 2014. Since then I was out of Canada and with some jobs but little wage.

From 2015 to 2016 I was hospitalized twice due to health issues and could not get back to Canada during the time. I was not aware of the situation on my loan until I came back to Canada.

So now do I have no choice but pay the requested amount of interest to the agencies now for rehabilitation or is there a way to reduce the interest that was owed?

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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 09/December/2017 at 10:51am
You need to look at the rehabilitation of the loan and then apply for the Repayment Assistance Program.

Check into the qualifications for loan rehabilitation with the NSLSC.

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Mark OMeara
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lemondeli View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote lemondeli Quote  Post ReplyReply Direct Link To This Post Posted: 09/December/2017 at 2:56pm
Thanks for the reply. I did looking into rehabilitation and RAP. However, my job currently isn’t in Canada so isn’t it the case that I can’t get repayment assistance? My wage is also very low and even though I have some savings over last year it doesn’t quite cover the interests owed so getting the loan out of default would be difficult without further borrowing.

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