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 LockedAffordable repayment is not affordable at all!

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chrisnat View Drop Down
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    Posted: 18/March/2018 at 11:24am
Hi there,

I am living in Toronto and my affordable osap repayment is about 620$ (about 15%) of my net income.

I am married and my wife is not working. If I put all fixed expense aside such as mortgage, car loan, tax, utility bills, remaining would be about 800$. If I pay 620$ for osap, only 180$ remains for food grocery and .... which is almost impossible to survive.

What should I really do? Any advise? By the way, my permanent disability conformed already with NSLSC.

Thanks
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Royal-NCO View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Royal-NCO Quote  Post ReplyReply Direct Link To This Post Posted: 20/March/2018 at 3:50am
Is there a good reason why your wife can't work?  (At home with new baby, etc).  Is she actively looking for work?

In this case, I do believe the system has the right to say, hey you gotta pay your debt, and if that means lowering your standard of living for a while, than so be it.    A person with a mortgage and car loan, has sufficient cash, and your student loan payment should have been considered before you took on these other responsibilities.

Having said that, if your wife just recently lost her job, or you recently had a baby, then you might be able to appeal the affordable payment.
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chrisnat View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote chrisnat Quote  Post ReplyReply Direct Link To This Post Posted: 20/March/2018 at 11:20am
Originally posted by Royal-NCO Royal-NCO wrote:

Is there a good reason why your wife can't work?  (At home with new baby, etc).  Is she actively looking for work?

In this case, I do believe the system has the right to say, hey you gotta pay your debt, and if that means lowering your standard of living for a while, than so be it.    A person with a mortgage and car loan, has sufficient cash, and your student loan payment should have been considered before you took on these other responsibilities.

Having said that, if your wife just recently lost her job, or you recently had a baby, then you might be able to appeal the affordable payment.


My wife is actively looking for job. Look, my mortgage is about 1600 per month.

As I said, I am more than welcome if my credit berue checked with NSLSC to make sure my left over. I am under huge debt because of not having income during my study.

I was married when I started my PhD and we did not have any income other than osap. Of we were lucky and I started my study now, since my income was below threshold, my tuition was free.

By the way, I used the car to go to work. No car no work.

Also, I am already diagnosed with some gradually progressing disabling decease along with severe depression which even tomorrow is not clear for me and already struggling to keep my job.

It is already documented with my doctor and approved by NSLSC as permanent disability.

Do it make sense?

Also, since my decease is progressing and I might not be able to drive, I am thinking of applying for severe permanent disability. Any recommendation?
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Royal-NCO View Drop Down
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Post Options Post Options   Thanks (1) Thanks(1)   Quote Royal-NCO Quote  Post ReplyReply Direct Link To This Post Posted: 24/March/2018 at 4:45pm
If everything you've stated about your disability is provable, it sounds to me like you've got a great case for appeal. Having said that, being married, I am uncertain how your wife's circumstances would fit into that appeal.  Perhaps, Johnny can help you with this.  Hopefully, he'll reply to this thread at some point and you can discuss it further with him.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote chrisnat Quote  Post ReplyReply Direct Link To This Post Posted: 04/April/2018 at 5:18am
Originally posted by Royal-NCO Royal-NCO wrote:

If everything you've stated about your disability is provable, it sounds to me like you've got a great case for appeal. Having said that, being married, I am uncertain how your wife's circumstances would fit into that appeal.  Perhaps, Johnny can help you with this.  Hopefully, he'll reply to this thread at some point and you can discuss it further with him.

Thanks Roya. I do not know what should I do? Can I have the contact information of Johnny?

Thanks
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Post Options Post Options   Thanks (0) Thanks(0)   Quote chrisnat Quote  Post ReplyReply Direct Link To This Post Posted: 09/April/2018 at 3:21am
Originally posted by Royal-NCO Royal-NCO wrote:

If everything you've stated about your disability is provable, it sounds to me like you've got a great case for appeal. Having said that, being married, I am uncertain how your wife's circumstances would fit into that appeal.  Perhaps, Johnny can help you with this.  Hopefully, he'll reply to this thread at some point and you can discuss it further with him.

Thanks Roya. I do not know what should I do? Can I have the contact information of Johnny?

Thanks
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 11/April/2018 at 7:18am
Hi guys, I would totally agree with Royal. It  all rests on what you can prove to them that demonstrates hardship with an extenuating circumstance or two that places the loan and it's repayment in the cumbersome/burdening/Zero opportunity barrel. 

If you have medical documentation that supports your statement that it will get worse, not better, then this is your foundation. The CFW Group isn't taking any new clients  now, but if you need some  coaching on this, I can do it here for ya. For sensitive info and docs, Email Mark, site owner, and he can fire off my private email to ya. Then we can do a little demo on site and off to give you some help. 
 


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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