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 Locked61 and terminate from job with loans

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KimM View Drop Down
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Joined: 02/June/2004
Location: Canada
Points: 148
Post Options Post Options   Thanks (0) Thanks(0)   Quote KimM Quote  Post ReplyReply Direct Link To This Post Topic: 61 and terminate from job with loans
    Posted: 26/February/2018 at 3:41pm
An Update. I am 61 now and was headed into the home stretch, but got terminated from my 10 year job last week. Trying to figure out how i will survive now. I am wondering what happens to severance pay, a potential EI claim and early CPP wrt student loans. I am waiting on employer to give me employment contract and termination notes to see a lawyer (severance is too low and how employable am i now really especially if there is a no compete clause in the contract). Also havent done by income tax returns in several years - starting when they gave notice that they were going to take any returns. Not smart probably but what can i say. Also, should mention that york university has senior tuition waiver over 60. I am now taking a canadian studies course - thought it might reveal why this country is so messed up. any help on filing old returns, severances, dealing with lawyers, and pension ei garnishments would be appreciated. thanks. 
Nehemiah 5:7 Then I consulted with myself, and I rebuked the nobles, and the rulers, and said unto them, Ye exact usury, every one of his brother. And I set a great assembly against them.

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