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 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 have been forced to cancel programs and layoff hundreds if not thousands of full-time and contract instructors.

Again, the Liberal government has messed up the education environment.


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Forum LockedLooking for info from a 02 loan

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Goliath2k View Drop Down
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    Posted: 31/March/2010 at 7:33pm
Hi all.

I've been looking around trying to find info on defaulted loans and such ans haven't had much luck.

I had 2 loans from 2000-02. I graduated in 02. After so, my payments were way to much and I was not able to find work in my field of study and I was only making min. wage at the time and unable to pay like a lot of people.

Since then. The good ol CDN government takes my tax returns because of this.. Not sure about this year.. yet.. but no doubt...

I used to get letters from the government showing what I owed and the min. payment with a payment stub attached.

I was over paid on EI the other year as they screwed up and that was also on this statement with the loan. My last 2-3 statements have not had my Loan on there just the overpayment.

Is it possible that it has been cleared under some of these new laws and stuff that I have seen floating around? Or possibly the government just getting my hopes up that this monkey on my back is taking a break.

Thanks for any help.


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SolveStudentDebt View Drop Down
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Joined: 05/November/2003
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 01/April/2010 at 4:13am

There are only three ways to get a lien lifted:

1) Having the ability dfeomstrate hardship with extenuating circumstances
2) Limitation issues are in place
3) Pay it out
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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Goliath2k View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Goliath2k Quote  Post ReplyReply Direct Link To This Post Posted: 01/April/2010 at 12:30pm
what I was wondering, where I haven't got any kind of statement about the loan in months if it is now "gone" since it has been over 10 years and such. Guess i'll find out in a few weeks with my taxes filed
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AlexBebe View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote AlexBebe Quote  Post ReplyReply Direct Link To This Post Posted: 09/April/2010 at 12:51pm

If the limitations have been met (reason #2 to lift a lien), does the loan holder have to bring this to someone's attention?  The CRA is still taking my tax refunds and my loan has been dorment since '98.  I made all of my payments for the first 2 years of my loan (96-97).   

They've been taking my income tax for the past 3 years (as the only income provider with 3 dependents my refunds are around $3000 a year).  According to my "statement of account" on the CRA "my account" section, the refunds are being applied to my Ontario Student Loan.  I had a small CSL too - which is equally as old.  Should I expect that they start applying my refunds to that next?
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