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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B2R View Drop Down
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    Posted: 04/April/2010 at 1:03pm
Hi there,

I am 37 years old and took out a $12,000 loan in 1995 for school. $2K was a BC student loan the rest was federal. I never made a payment. I was contacted once but ignored it as I didn't have the money. I did taxes for the first time last year ('09) and received a refund for the past 5 years. There isn't anything on my credit report about the loan.

I don't make a lot of money and the thought of being forced to repay this at this point in my life is keeping me up at night as I barely have enough money to pay the rent.

If anyone could help it would be great. I always have this hanging over my head.
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