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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EBert View Drop Down
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Joined: 25/April/2012
Location: Canada
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Post Options Post Options   Thanks (0) Thanks(0)   Quote EBert Quote  Post ReplyReply Direct Link To This Post Topic: Debt Free!
    Posted: 25/April/2012 at 8:38am

Thanks to the efforts of John and his crew at CFW, for the first time in more than a decade, I no longer have a student loan debt hanging over my head like a swinging axe. Years ago, the bank lost some important documents of mine and as a result sent my loan to collections. When they eventually located the documents, that they themselves had misplaced, they refused to acknowledge their mistake and I refused to pay. Needless to say, my arguments fell on deaf ears. After years of alternately fighting with and then actively avoiding them, and their grubby henchmen, I tracked John down through this website. Am I ever glad I did. He achieved everything I hoped he would and got me an excellent deal that I was able to pay off in one fell swoop. Consequently, I am now debt free. The bank and the collectors have acknowledged that the debt is no longer active, the calls stopped overnight and I'm now building my way back to a healthy credit rating. It is a great feeling. If you're feeling overwhelmed by financial pressures owing to student debt issues do yourself a favour and get CFW on the case. 
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