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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Forum Lockedconditions for bankruptcy

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mitchontario View Drop Down
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    Posted: 10/July/2007 at 8:52am

What am I required to show before I can file for bankruptcy on student loans?

- they are all over ten years old since last a student
- defaulted on everything
- unable to make patyments (on street, mental health isssues, income under $15 k if that, social assistance, you name it)
- loans without interest total about $50000
- no contact to/from anyone
 
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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: 11/July/2007 at 3:09am
Show them what you owe, who you owe, how much you owe, and why you will never be able to pay them. If you have student loans, make sure that you calculate the time as being on or after the last day of the month 10 years fromt he day you ceased to be a full or part-time student.
 
You said that you are homeless, have mental health issues, and on social assistance, your chances are better than most.
 
Johnny
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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