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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SolveStudentDebt View Drop Down
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Joined: 05/November/2003
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    Posted: 13/November/2014 at 7:50am
Paying a lawyer $5000.00 for what exactly?
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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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: 13/November/2014 at 7:50am
What are you trying to accomplish here?
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 Ctapner Quote  Post ReplyReply Direct Link To This Post Posted: 12/November/2014 at 8:26am
I have taken my student loan debt of 20 years to a lawyer.  The lawyer immediately demanded 5,000.00 up front before they even told me if I had a chance.  Now they have asked me to account for my income and expenses for the last 20 years.  Who keeps receipts for every transaction for 20 years?  I have kept most of my bank books, statements etc, for 20 years but not all my bills, and places I have called have purged them.  I have spent the last 3 weeks keying in and analyzing, every statement, every transaction for the last 20 years.  I have transactions and withdrawals I don't know what they are.  In 2001, I did a consumer proposal which was agreed and signed Oct 2001 exactly 5 years and 4 months after graduation.  The proposal was completed 5 years later.  1 year afterwards student loans commenced collection.  I have been looking after my mother who has alzheimer's from 2007 and full time since  2009.  I am so frustrated and feeling like a piece of trash, especially now that everyone in this small town probably knows all the details of my life through the printing office. 
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