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 Lockedwrongfully taken out osap payments

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waterfordgirl View Drop Down
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Joined: 05/November/2005
Location: Canada
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    Posted: 05/November/2005 at 12:37pm
Hey there,

I just discovered this site, and after reading many posts I could not find the answer to my problem. It's not a huge one, but I was just wondering if there is any luck in getting a bank to reverse an osap payment that was taken out of my account that shouldn't have been. I've been approved for Oct-Mar, but yet the RBC still took out my payment. I'm hoping I can call and explain they made an error and to put the money back into my account, but I'm sure it's not that easy and maybe not at all possible. I've been making payments for almost 4 years, have never been to collections, but unfortunately I was just laid off my job so to relieve some money stress while looking for a job, I applied and was approved for 6 months of interest free relief. But they took out a payment, and I'm kinda screwed.
Anyone who experienced this and I'm sure there are thousands, could you let me know how it worked for you.

Thanks everyone!!
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