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 debt sent to collections- Expiration date?

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    Posted: 15/August/2016 at 3:30pm
So, in brief- I received student loans from the provincial government of Ontario and the federal government of Canada from 2002-2008 (off and on) while I was doing my undergraduate degree. After I finished, I was having trouble paying back the loan (following the grace period) and I ended up in arrears. By 2014 this had escalated to a point where it felt out of control (alongside some other debt issues) and my parents ended up helping me out by allowing me to consolidate my debt and put it on a low interest line of credit that they co-signed for. This was in Sept 2014.

So, at that time I contacted the Ontario Student Loan Service center and I got an automated message telling me to contact the National Student Loan Service Center to determine how much I owed (basically the automated message said that collections was handled by the NSLSC). I confirmed with them the amount and then I paid it off.

Now, recently, I received a call from a collection agency (EOS Canada) telling me that I owe 6,000 for my Ontario Student Loan. They say that I had contacted me previously, in March of 2013, to discuss this (which is probably true but I don't recall). I am shocked, because I thought I had paid my debt in full. I am now being told that a portion of my loan had been passed to the collections agency (the Provincial portion) and therefore that amount was not included in the total I was given- which was only my federal loan.

I am beside myself, I do not have 6,000 dollars- nor do I want to ask my parents to extend this line of credit (which I am making very meager payments on). I have read online that some debt expires if you are not notified (that it is 2 years for debt to expire in Ontario). Would this apply to my situation given that it is student debt? If it would apply, how would I exercise that option? If it would not apply, what the hell do I do now?

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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 16/August/2016 at 5:23am
The Ontario government is not bound by any limitations unless the loan was written before the changes made to the Ontario limitation law back in 2002. You would have an argument to make concerning limitations if this were the case. 
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

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