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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debtmonkey View Drop Down
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    Posted: 01/April/2003 at 2:20pm
As I recall, when you apply for a CSL one of the questions on the form asks whether you have a disability. If you say you do does this disqualify you from a student loan or otherwise complicate the procedure?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: 01/April/2003 at 5:37pm

No, It doesn't disqualify you... there are additional benefits available to those with disabilities, and the course load calculation is different if you have a disability. There are also additional benefits available for extra costs that might be incurred.

 

 

 

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Post Options Post Options   Thanks (0) Thanks(0)   Quote debtmonkey Quote  Post ReplyReply Direct Link To This Post Posted: 01/April/2003 at 5:41pm
Is there any difference re loan payback or loan forgiveness?
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