Hi all, New to this forum, very enlightening and informative. My concerns are about Grant Over Awards, which to me is an oxymoron, a grant is a "gift" and when you recieve a gift it does not usually come with strings attached. Since when has a gift ever been too big? You're not worthy, give it back.
When I applied for a student loan to cover the cost of tuition, that is all I applied for. I did not apply for the Canada Study Grant, or the Loan relief benefit. My research into these items informed me that "You need not apply for these grants."
I received a NOTICE stating that my Canada Student Loan had been approved and that I was eligible to receive these other "Grants". Who made this decision I do not know, the notice was not signed.
The only "Terms" attached to these grants was something like "if you do not complete this year of study, you will be required to repay the full amount of the benefit." This also was not signed as so I feel is also not a contract.
I completed my year of study in 2002, and in 2004 I was informed by Metropolitain Credit Adjusters that I owed Alberta Learning the Grant funding back due to an income reassessment, which I myself had filed in 2002, which showed a change in imy income during my "period of study" Alberta Learning CONTINUED to fund me anyway, even after receiving and acknowledging my "Application for Reassessment"
How can an organization ask for the return of a gift, with interest? There was never a "Contract" or "Terms" or "Repayment Schedule" attached to the monetary gift from Alberta Learning. These grants are not Loans. I am dutifully paying back since March 2003 the Canada Student Loan I received as per the "Contract, Terms and Repayment Schedule" they sent me.
I refuse to return a much appreciated gift 3 years after I recieved it.
To the collectors who call me about this "alleged Debt" I say "What Debt" I have never acknowledged it, never made a payment, and have always said that it is Alberta Learnings mismanagement and incompetence that created their debt, not mine.
I did not determine myself eligible for these Grants, they did, I did not ask for these Grants, they gave them to me. I accepted them, yes and I completed my studies in Business Admin. I have an excellent job, and I am able to maintain my monthly payments for the CSL but I refuse to return the grant a.ka. "gift" they gave me.
My alleged debt has now moved on to the Nor-don Collection Network Inc. Are they bigger and scarier than Metropolitan Financial? Should I be worried? I will never acknowledge this alleged debt, my Credit Score from Equifax is 728 and Transunion is 769, and there is nothing on either that indicates a debt in collection, what gives?
Thanks for this excellent place to pose my questions and vent.
Lazzula
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