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 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 have been forced to cancel programs and layoff hundreds if not thousands of full-time and contract instructors.

Again, the Liberal government has messed up the education environment.


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spacemonkeyham View Drop Down
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    Posted: 13/March/2004 at 1:51pm
does anyone know how long it takes to have your credit rating wiped after your 2nd bankruptcy?
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hunter View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote hunter Quote  Post ReplyReply Direct Link To This Post Posted: 15/March/2004 at 9:32am
I have heard that it takes about 14 years, a co-worker filed twice after his divorces, but then again the last time he filed was 1999, and he is driving a $ 50,000 truck and lives in a $ 150,000 house..........

So go figure, how this can be done.
I have no idea.....

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SolveStudentDebt View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 15/March/2004 at 10:49am

 

 A second bankruptcy can remain on one's credit report for 14 years.

 Hunter, this particular case is troubling, indeed. I would say this individual had a serious "helping hand" inthe form of cash or strong co-signers. This is one way this can be done.

 

Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

solvestudentdebt.com
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