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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    Posted: 01/June/2009 at 7:22am
Drowning in it all!

Well, it's been 4 years since I graduated from University. I've always had a good paying job. I now find myself struggling to even make the minimum monthly payments on my student loans AND I have excessive consumer debt. I've tried to get consolidation loans, lines of credit, but I'm turned away at every corner. The only places I would be able to get a loan are those high-interest sharks like CitiFinancial and Wells Fargo. Without turning to bankruptcy and the "like" options (Orderly Payment of Debts, Consumer Proposal) is there a way to get out of this mess? I am more than willing to make a reasonable monthly payment that still allows me to have a life, pay my mortgage, buy groceries, etc.

We're talking big money. $12,500 left in student loans, about $41,500 in random debt. Has anyone been faced with a similar situation? How did you get out of it?
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Talk to John Leblanc at CFW Group....
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