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 LockedMaking sense of credit report.

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kennerman View Drop Down
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Joined: 08/November/2009
Location: Ottawa
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Post Options Post Options   Thanks (0) Thanks(0)   Quote kennerman Quote  Post ReplyReply Direct Link To This Post Topic: Making sense of credit report.
    Posted: 25/February/2019 at 9:56am
Hey guys bit of a long read here just thought I would see if I Could get some guidance.

In 2018 after a long struggle I paid off the federal portion of my delinquent student loan, and I would like to make progress on the Provincial portion if I need to.

My credit Karma account states just one account and is listed only as "Government student loan" account closed.  max amount owing is the same as the what the Federal portion was I think, or may have been the combined amount (my provincial portion was small). 

 Does this mean that it is the federal Loan reported and not the provincial part?

I did file a consumer proposal that was discharged in 2013, and the provincial government didn't respond to so was not included. I did call the Ontario government to discover the loan was not held by a collection agency, but the insolvency division.

I have never made a payment on the provincial portion and the date of last activity is listed as November 2007, reported October 2009.  

If it is the provincial portion being listed I will probably contact them to arrange payment in full or rehab, but if not I may take my chances and see if they do come after me.

Thanks for any help.

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