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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DBert1123 View Drop Down
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    Posted: 11/August/2004 at 6:28am

Hi everyone...

I have to say, I am so happy I found this site.  I have a very specific question. 

I have sl's w/ the Bank of Nova Scotia.  I found out early this year that I had been sent to collections (CBCL) because I was in arrears for three months of payments (that I was dealing with).  For some reason, the BNS never reported my loans to Equifax.  Now my husband and I are buying a house w/ a no down payment mortgage and the lender will again check our credit reports.  CBCL has yet to report anything to Equifax.  Should I ask them not to report to the bureau?  Is there a way I can ensure that this dosen't end up on my credit report?  I am paying monthly to these weasels so I am hoping that's enough until the house closes in January...

Thanks for the help...

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whereto? View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote whereto? Quote  Post ReplyReply Direct Link To This Post Posted: 25/August/2004 at 9:44am
THere is no way...your best bet is to pay up as fast as you can and lay low......it happens some times...Get your mortgage done asap and hopefully it will slide under the wire.   Once you have the asset (house) even if a blotch does show up you will have a lot less trouble with it.  Just my 0.02$
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eshelton View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote eshelton Quote  Post ReplyReply Direct Link To This Post Posted: 30/October/2004 at 7:53pm
Did Scotiabank send you a notice of arrears?  It is their own policy to send three.  I made a 4 page complaint one time and they effectively 'reset' the arrears notices.  It would be worth a complaint if they bungled your account by not sending you notices.  Written complaints scare them.  
"A proof is a proof. What kind of a proof? It's a proof. A proof is a proof. And when you have a good proof, it's because it's proven." - Jean Chretien
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