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: 26/February/2013 at 1:44pm
Just called today. CRA collections for student loans have no record of my student loan from 1996. What does this mean?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Beflar Quote  Post ReplyReply Direct Link To This Post Posted: 26/February/2013 at 1:58pm
Anyone?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 26/February/2013 at 3:40pm
First of all, this is a volunteer site so no one would have seen your post till a few minutes ago when I got home from work and had time to moderate  the site... :)

To answer your question, at that time you likely would have had two loans - a federal portion and provincial.  ... and back then the loans were taken out through the banks.  If the bank did not sell your loan back to the government, then all records of your loans would stay with the bank.

Your provincial loan might have been sent back to the provincial govt.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Beflar Quote  Post ReplyReply Direct Link To This Post Posted: 26/February/2013 at 3:49pm
Sorry about that. So my debt is still alive and kicking?   No chance at getting that mortgage if i wanted?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Beflar Quote  Post ReplyReply Direct Link To This Post Posted: 26/February/2013 at 3:56pm
How would I get info on what i owe?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 26/February/2013 at 6:37pm
You need to read up on the stats barred forum.  If you havent had any contact for over 6 years it might be statute barred.  Get your credit report from Equifax and/or transunion and see if its listed there.

Do not send anything in writing, otherwise it will be considered acknowledgement and you will lose any legal protection from being statute barred  and you'll be hounded by the collection agencies that will smell money and a commission.  While I find that wanting to pay this is honorable, the system isnt and they will hound you and possibly destroy your credit rating.  It may have already been completely written off by the government.

It may be better to leave sleeping dogs lie....   if you know what I mean, based on how this horrible system functions.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Beflar Quote  Post ReplyReply Direct Link To This Post Posted: 26/February/2013 at 7:37pm
Equifax says I'm excellent. What does that mean in terms of old student loan?
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