There are serious cracks in the program and Procurement Canada who lets foreign organizations and take away from Canada. The "institution and those who profit from your miseries find everything they do to reasonable. Robert Smith, who is in control of the Canada Student Loans Service Contract, is an American (With Vista Equity Partners). He is the one who took over the private one who sits in the National Student Loan Service Center (formerly known as DH Limited, NOW DH Corp allegedly). Now, the interesting twist is that a company named "Finastra" is the actual National Student Loan Service Center "filler", which is a British company owned by Finastra. Finastra is owned by Vista Equity Partners. The government of Canada has made NO ANNOUNCEMENT of this at all. They take the position that DH CORP is the private firm that is in the National Student Loan Service Center. But, Finastra is the one who is doing business as the NSLSC. Media is oblivious - and well pretty much asleep (more like in a coma), probably for reasons that we could only speculate.
Robert Smith, the guy who you should be paying attention to, just bought a more than $50 MILLION dollar apartment in New York. How much of the Canadian tax payer dollars contributed to that? The Canada student loans service and admin contract is worth hundreds of millions - and more perhaps.
People are oblivious to the ones who are causation for the financial struggles student loan borrowers face, and who is profiting from your struggles without ANY OVERSIGHT by the federal government on it's Procurement Office and program that allows this to happen. No media, no oversight, no public announcement or transparency by the federal institution (of which is required); means free money to foreign companies and the give away of Canadian tax payer money (and opportunity).
Let's engage in a discussion about this. It is an important piece of the puzzle that will answer all of your questions and shw the student loan borrower population (and concerned tax payers) what is really going on here.
Your thoughts?
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