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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milhouse View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote milhouse Quote  Post ReplyReply Direct Link To This Post Topic: Got served!
    Posted: 18/January/2011 at 2:54pm
So I have a completely Federal, Canada Student Loan that I haven't made payments on in about 3 years. The past few years they have been taking my tax returns.

The other day a process server shows up and hands me a Notice of Claim. It would appear that I'm being sued by the Minister of Revenue for slightly over $15,000 plus any legal fees they incur.

I live in New Brunswick so I'm not sure what the rules on wage garnishing are around here but I assume that's what they're going to do?? I have read that the CRA can garnish without a court order so I'm confused as to why they wouldn't just garnish and skip the trouble of taking it before a court. Can anyone clear that up?

In the meantime I've been calling the CRA to try and work something out so that I can rehabilitate the loan. I called a week ago and was told I would receive a callback within 48 hours but so far, nothing. Today I phoned and was bounced around to about 4 different numbers and was finally told I would receive a call from the CRA's Legal dpt within 24 hours. We'll see if that happens.

I have been out of College for almost 5 years and if I understand correctly I can declare bankruptcy after 7 years and the loan will be then discharged. If they do start to garnish my wages right now though, can I declare bankruptcy immediately and discharge the loan?

I'm scheduled to go meet with Credit Counseling Services of Atlantic Canada this week and they say they think they'll be able to help.

This has been a real wake up call. I just want to start paying but I'm guessing the gov't is going to drag this on.

Anyway, thanks for reading and I hope to hear back from people that have been through this.
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SolveStudentDebt View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 19/January/2011 at 7:07am

Good luck with Credit Counselling.

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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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 19/January/2011 at 8:37am
I have been out of College for almost 5 years and if I understand correctly I can declare bankruptcy after 7 years and the loan will be then discharged. If they do start to garnish my wages right now though, can I declare bankruptcy immediately and discharge the loan?

Answer: You havent been out of school for 7 years so you cant discharge the loan.  After 5 years you can apply for hardship... 
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Mark OMeara
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Nereid Quote  Post ReplyReply Direct Link To This Post Posted: 03/February/2012 at 9:42am
7 years and you can declare bankruptcy?  I'm surprised to hear anyone say that.  I thought the latest legislation meant that you can never dissolve student loan debt in bankruptcy. 
Can anyone comment on this?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 03/February/2012 at 5:33pm
The current legislation is that student loans can be included in bankruptcy 7 years after the end of studies and 5 years if you can prove hardship.  I think you are referring possible to American rules of not declaring bankruptcy on student loans...  
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