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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Kabar67 View Drop Down
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    Posted: 10/November/2017 at 7:06am
I have been out of college for 20 year, I defaulted on my loan then as I became very ill and could not work . I thought it was gone forgive ect. Yesterday I went to buy a car and it shows on my credit as of March 2017 that I owe 12000.00. I called them and they said it’s been eleven years and they won’t take it off! What do I do it’s ontario student loan and I heard they can’t do it if loan not claimed for 7 years. I want this off my credit as I am disabled and can only make so much! How do I force them to take it off? Please help
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 12/November/2017 at 7:22am
the government of Ontario can keep it on record with the credit bureau if is one that has no limitation period to it. the reason it is on your credit report anyway is to make it very difficult if not impossible) for you to go out and take out credit while an unpaid and defaulted student loan is out there. The "restrict and make it impossible for you to acquire and/or use credit because you owe money to me" mentality is the government's Modus Operandi. They all think and behave like banks. 

Demonstrate your disability and if it is something that would warrant closure or removal then you can go from there. If you want professional guidance coaching, or mediation The CFW Group Inc is here to help if you want.     
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 Royal-NCO Quote  Post ReplyReply Direct Link To This Post Posted: 12/November/2017 at 10:08am
Originally posted by Johnny Johnny wrote:

the government of Ontario can keep it on record with the credit bureau if is one that has no limitation period to it. the reason it is on your credit report anyway is to make it very difficult if not impossible) for you to go out and take out credit while an unpaid and defaulted student loan is out there. The "restrict and make it impossible for you to acquire and/or use credit because you owe money to me" mentality is the government's Modus Operandi. They all think and behave like banks. 

Which is highly stupid of them.  

I was fortunate to exploit a window when my Ontario Loan was removed from my credit report.  They were about to put it on again, when I was finally able to qualify for a lower interest consolidation loan and pay the Ontario portion in full.  Actually, I paid it with my credit cards and then consolidated the credit card debt.

If there is an Ontario Loan official on here reading this, please read this key point.   By letting me repair my credit, I suddenly found myself in a position where I could pay you back, despite my loan being in default through no fault of my own!   If you destroy a person's credit, you keep them locked in a state where they will likely not be able to pay you back!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 13/November/2017 at 5:52am
It is punishment, and a clear example of how a government is able to dole it out with tremendous ease. This "human" responsible for the creation of this policy represents one of the broken components of one government sector. This is also another reason why Canada and provinces have to really pay attention to who it is that they are hiring and bringing in. but, really, do they care? Not really. People who owe money to government and are not paying for whichever reason are looked upon as toxic to the system. So, they adapt to that way of thinking and become toxic that group of people.  
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 Royal-NCO Quote  Post ReplyReply Direct Link To This Post Posted: 13/November/2017 at 6:31am
Self-destructive punishment.

Locking me in a state where I had bad credit meant that I couldn't move in my career.  My education was useless because my bad credit wouldn't allow me to be employed in my intended industry.  Not only did the government deny itself the money owed, it denied itself years of income tax from me.  People who are forced into this state, often suffer from major depression, which has its own set of negative consequences which are all typically harmful and expensive to society.

Of course, the system won't take responsibility for itself.  It would rather blame the deadbeat former student, and then file many articles in one (or a few) of the major media outlets, complaining to the general public about how many billions of dollars it had to write off.

I would love to know the real truth about the status of the student loan system.  How many truly run from their debt, and how many are unwitting victims of administrative foul-ups?
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