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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Forum LockedOn ODSP, now bank may sue over unpaid student loan

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PhillyJ View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote PhillyJ Quote  Post ReplyReply Direct Link To This Post Topic: On ODSP, now bank may sue over unpaid student loan
    Posted: 02/May/2009 at 1:01am
About 12 years ago I got a student loan for school and finished school. Then a few years later, I went through something in my life that caused me to go on disability (ODSP). I have been on it ever since and only have enough money to get by. I have no one in my family that could help me pay it back. I received a call from someone yesterday saying that we need to resolve this issue before we have to take things further and the bank will sue.  When I told him I was on disability, he said for me to fax him some info (income statement and living expenses by Monday).  The loan is up to 20 grand. 

I don't know exactly who I was talking to (who he was working for). I don't believe he was calling to help a credit agency out. He said that if I sent him on my disability payment (income statement) and how I am living off of my disability payment that he could put forth that info to CIBC and see what they will do (if anything) before (and if) they have to take things further (and potentially sue). I was so upset by the call, I failed to find out exactly who this guy was working for. 

Can they try and garnish my ODSP wages?  This is a federal student loan, of course.

Any help would be greatly appreciated.
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