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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    Posted: 06/July/2005 at 5:39am

Relieved!!

 

Like many of us from time to time came I came up against an over extended financial situation that impacted my ability to be the best father, husband and son my loved ones deserved.  Caused by complicated, elderly in-law health needs, some business receivables complications, and a bank that threw easy money at me instead of a more responsible client management process, I was down, out and in trouble. 

 

The stress and tension eventually caught up with me and I investigated bankruptcy as the solution.  I was ready to sign the papers merely to obtain some relief and in all honesty, to alleviate the debt as soon as possible.

 

I was very disturbed by this because I really felt that their must be a better way, but how?  At that same time, as if by serendipitous fate, I was introduced to Mr. John LeBlanc.  After several conversations with my wife and I he helped me to realize that the only reason I was going down the bankruptcy tunnel, was because I did not understand the real and inner workings of debt management and recovery… at the creditor level.

 

We immediately began to feel great relief and seethe difference between knowledge being put to work on our behalf, versus our fear and mismanagement of something beyond our personal scope. 

 

With Mr. LeBlanc’s assistance we were able to re-establish credit even with judgments outstanding against me.  We were able to open the door to negotiations with creditors because Mr. LeBlanc knowledgably speaks their language.  We took a leap of faith that was based on understanding and truth regarding the debt industry.  We worked it out from a position which increased, rather than diminished; our understanding, self esteem, and strength to deal with the situation at hand.

 

Bankruptcy may be necessary in some very acute circumstances for certain individuals.  However, those of us who do not investigate every alternative at our disposal are often overlooking a real solution.  My wife and I want a better future, it was not going to happen by signing off my responsibility at the stroke of a pen to a bankruptcy organization. 

Remember that tommorrow is really what you choose today!
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