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 Locked38 yr old loan

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Joanyf View Drop Down
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Joined: 12/August/2018
Location: Hamilton
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Joanyf Quote  Post ReplyReply Direct Link To This Post Topic: 38 yr old loan
    Posted: 12/August/2018 at 9:21pm
I am 55 years old and living in Ontario and moved to Ontario 35 years ago.and I just applied for OSAP to go back to schooland it came up that I had a Canada student loan back in 1985 and they say it was for $7,000 which to me sounds totally off because I don't think anybody got a $7,000 loan back then. I found out in June of that year that I was status Indian and that I should have been informed that I could have gone back to school without having to take out this loan. So at the time we worked together with inac who I thought had said that it would be taken care of. clearly it hasn't been because I've been precluded from applying for OSAP last week when I called after 38 years!could this still be on the records? do I have to pay it back? because it must have a good chunk of that $7,000 must be interest correct? This is a huge blow as I just recently found returning to school was an option and my bands funds are committed already.They have guaranteed I can be funded next year. But I'm not getting younger. Any advice u can give would be appreciated.
Thx
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