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 LockedPayments taken out of empty acct while overseas...

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bereccat View Drop Down
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    Posted: 23/November/2018 at 7:28am
Hey all, thanks for taking the time to read this...

I've been living abroad for about two years and have had an empty TD bank account just kind of sitting in Canada, waiting for me to come home.

I came back around two months ago and touched base with TD to get a new access card and see whats up, etc. etc. Turns out, they had closed my account for "loss prevention" reasons.

NSLSC had been, since July, trying to take out around 400$ each month -- my studies ended this year so that makes sense, I suppose. They tried to take payments out each month, and obviously because I had no money in the account I kept getting TD overdrawn bank fees as penalty. $49.95 each time...

So now I have a big debt, like $250, that I have to pay to TD (they've sent it to a collections agency so I have to pay it that way). I don't want to pay this debt and don't think I should have to:

Once I got back in September I applied for repayment assistance and was accepted, as my income is very very small. So my repayment assistance has covered me from July - December-ish.

TLDR Essentially I want to know if I can call NSLSC and request they pay the fines incurred from them taking out money from my empty account. Especially since they've approved my Repayment Assistance for the time period when they were attempting to take out the money. And my income has never been above that which qualifies for repayment assistance.

Thanks in advance for your answers...
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