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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mayrose View Drop Down
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Joined: 01/March/2006
Location: Canada
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Post Options Post Options   Thanks (0) Thanks(0)   Quote mayrose Quote  Post ReplyReply Direct Link To This Post Topic: Changes Needed....
    Posted: 23/August/2007 at 3:49am
I made a decision to go back to school-thinkng it would help me to find a job that was better than cleaning at minimum wage. After attending both university and college and receving a degree and a certifcate from university-and a social service diploma from college--I owe the NSLC over 50,000.00. I was a single sole support parent-and while attending university-my son was in a serious accident--then 13 yrs. old-and was in a hospital bed in the middle of our living room for 8 months. In order to pay for the medical expenses, I put it through my car insurance--which tripled in monthly costs. Now, one loan accrues interest at 8.97 a day--the other one at 1.98 a day--and this fluctuates. I have not been able to find a job that reflects my education-and still have one son left at home. I am currently on EI--on sick benefits. I was working at a call centre. I will not be going back. This loan has caused me great mental stress--to the point of having a nervous breakdown and ending up in the hospital-two times. I have always managed to make ends meet-just barely--but with this loan above my head-I feel hopeless. The changes the government should make-in my opinion-is there should be consideration for single parents while attending school--and thus-a good portion of loan forgiveness--and there should be no interest on student loans whatsoever.
I want to do well in life--I've worked hard and tried my best--only to end up in this situation. I am currently on interest relief--but that will soon run out. I'm not sure how I will be able to make this work. I am 50 years old-and the amount of money I owe--is never going to be paid back--unless I win a lottery. I would have to make quite a good salary to even begin to pay the interest alongside my other debts and cost of living. And-now I don't even have a car--. I recall-in university, in women studies-looking at the prospects for women-and babyboomers and young people graduating-competing for jobs.  I see young people who have graduated-like myself-working at whatever job they can get. Education is a luxury only the rich can afford--and it is over-rated. I wish I knew then what I know now--because I never would have went back to school. Indeed--the government needs the poor--to help make the rich-more rich--and student loans is one way-. Education for those who are serious-should be much less in cost-and certain considerations should be made for those whose needs encompass a family. This is my story--at least part of it.
mayrose
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