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.


  New Posts New Posts RSS Feed - changes to Interest relief application
  FAQ FAQ  Forum Search   Register Register  Login Login


Forum Lockedchanges to Interest relief application

 Post Reply Post Reply
Author
krob View Drop Down
Newbie
Newbie
Avatar

Joined: 21/April/2005
Location: Canada
Points: 4
Post Options Post Options   Thanks (0) Thanks(0)   Quote krob Quote  Post ReplyReply Direct Link To This Post Topic: changes to Interest relief application
    Posted: 01/May/2006 at 1:18am
well I just got off the phone with Canada Student Service Centre or whatever it is called and the forms and info needed for interest relief has changed.  They no longer need three months of financial (income) information (the month before the application is dated, the month of and the next month) They also no longer need proof of income Ie.pay stubs, cheques etc.  All they want is expected income for the next month so June in my case.  I am so happy about these changes as it wont be so hard to fill out those forms and we are going on vacation in June so we will be mfaking alot less $$$ (lol)
Back to Top
Sponsored Links


Back to Top
administrator View Drop Down
Admin Group
Admin Group
Avatar

Joined: 25/January/2003
Points: 1798
Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 01/May/2006 at 6:49am

I would DEFINITELY get a second or third opinion on what the person told you!!!!

If it sounds too good to be true, it probably is too good to be true!

There's been so much incompetence, this sounds like a newbie who doesnt know the rules... get it in writing from them that this is the case. Otherwise they may come back at you a few months down the road saying you didnt send in the documentation...

Speak to them again and record the call!


Mark
Administrator
Mark OMeara
Author of Let Go and Heal: Recovery from Emotional Pain
https://LaughSingWrite.com - http://bit.ly/heal2024
Back to Top
krob View Drop Down
Newbie
Newbie
Avatar

Joined: 21/April/2005
Location: Canada
Points: 4
Post Options Post Options   Thanks (0) Thanks(0)   Quote krob Quote  Post ReplyReply Direct Link To This Post Posted: 19/June/2006 at 3:10am
okay update : I dont why that NSLSC doesnt get their act together.  In the mail arrived the same old form with the three month plus documentation I wasnt too sure whether or not is because I am on extended interest relief or not All I have to say is this is probably the third time I have been told misinformation usually I can tell the customer service rep how it is but I guess they got me this time
Back to Top
msopinionated View Drop Down
Newbie
Newbie


Joined: 21/June/2006
Points: 3
Post Options Post Options   Thanks (0) Thanks(0)   Quote msopinionated Quote  Post ReplyReply Direct Link To This Post Posted: 21/June/2006 at 8:21am
You're in for a shock when you receive your forms. If you are applying in June, you need your actual April (no proof), May (proof required) and your estimated June.

I was on EI in May due to an injury, I was told the copies of my payments from the secured web were not sufficient. I discussed this with the EI office they said they would not and are not required by law to provide the National Student Loan Centre with our SIN.

I'm waiting to see if they reject my claim. I included a note saying I would file complaint should they not just accept the information, since it can only be obtained by you because you have a PIN to access it.

Good luck. I had less headaches dealing directly with the CIBC with my student loans.


Originally posted by krob krob wrote:

well I just got off the phone with Canada Student Service Centre or whatever it is called and the forms and info needed for interest relief has changed.  They no longer need three months of financial (income) information (the month before the application is dated, the month of and the next month) They also no longer need proof of income Ie.pay stubs, cheques etc.  All they want is expected income for the next month so June in my case.  I am so happy about these changes as it wont be so hard to fill out those forms and we are going on vacation in June so we will be mfaking alot less $$$ (lol)
Back to Top
scortpus View Drop Down
Newbie
Newbie


Joined: 29/July/2006
Points: 6
Post Options Post Options   Thanks (0) Thanks(0)   Quote scortpus Quote  Post ReplyReply Direct Link To This Post Posted: 30/July/2006 at 12:24am

Originally posted by krob krob wrote:

well I just got off the phone with Canada Student Service Centre or whatever it is called and the forms and info needed for interest relief has changed.  They no longer need three months of financial (income) information (the month before the application is dated, the month of and the next month) They also no longer need proof of income Ie.pay stubs, cheques etc.  All they want is expected income for the next month so June in my case.  I am so happy about these changes as it wont be so hard to fill out those forms and we are going on vacation in June so we will be mfaking alot less $$$ (lol)

I came to this site to find information on this exact issue.  I called the NSLSC last week to apply for IR and was told the same thing. I just received my paperwork.

I was told by the service agent at NSLSC that because of new government rules only column 1 is required and to ignore columns 2 and 3.  After opening and looking over the application I am now a little confused.   I thought that they were just using old forms and trying to use them up before issuing the new ones which only show column 1.  BUT the instructions for filling out the form are still asking for columns 1, 2 and 3.

Does any one have more information on this issue?  As someone else stated, this could just be wrong information given out by the CSR. I am wondering if it may be a new rule that HAS NOT come into place yet and the CSR was misinformed about that.

Any thoughts or ideas?  I'll be calling NSLSC tomorrow morning about this just to get a little clarification.  I'll post back after that to update this post.

Thanks

 

 

 

 

 

Back to Top
scortpus View Drop Down
Newbie
Newbie


Joined: 29/July/2006
Points: 6
Post Options Post Options   Thanks (0) Thanks(0)   Quote scortpus Quote  Post ReplyReply Direct Link To This Post Posted: 01/August/2006 at 3:20am

Just a quick update to my previous posting.

I just got off the phone with NSLSC to ask about this new rule that now  only requires Column One to be filled out. 

The CSR this time ALSO said that this is now the case.  That because my loans are in good standing only Column One needs to be used and Columns 2 and 3 can be ignored.

I have had great luck with the Interest Relief programme and I have no reason to doubt this new rule.  But in my attached letter I will be making mention of this recent call and that I was assured this is now the rule.

Anyone have any thoughts on this?   I have been lurking here for  a long time and I am sad to see there were no responses to this.  This site is a great resource for SL borrowers....sorry that is in decline.

 

 

Back to Top
scortpus View Drop Down
Newbie
Newbie


Joined: 29/July/2006
Points: 6
Post Options Post Options   Thanks (0) Thanks(0)   Quote scortpus Quote  Post ReplyReply Direct Link To This Post Posted: 24/August/2006 at 12:30am

Just another quick update about the change in the Interest Relief application process.

As of yesterday, my application was approved.   Approved with only filling out column 1.   This time it took quite a bit longer for approval but it did go through with no real issues.

 

(hope no one minds me posting 3 messages in a row)

 

Back to Top
PhaseSpace View Drop Down
Newbie
Newbie


Joined: 17/June/2004
Location: United States
Points: 3
Post Options Post Options   Thanks (0) Thanks(0)   Quote PhaseSpace Quote  Post ReplyReply Direct Link To This Post Posted: 30/August/2006 at 7:03am

I am on EI and I applied for interest relief with copies of my consoladation agreement and prints outs of my EI information. Got approved with no problems.

 

 

Back to Top
scortpus View Drop Down
Newbie
Newbie


Joined: 29/July/2006
Points: 6
Post Options Post Options   Thanks (0) Thanks(0)   Quote scortpus Quote  Post ReplyReply Direct Link To This Post Posted: 31/August/2006 at 2:56am
Originally posted by PhaseSpace PhaseSpace wrote:

I am on EI and I applied for interest relief with copies of my consoladation agreement and prints outs of my EI information. Got approved with no problems.

Absolutely!   I was on pogey a while back when I applied for Interest Relief.   If you get your pogey by cheque then you will automatically get 'pay stubs'.  But if you have direct deposit then you must request to also get printed statements mailed out to you.

They were quite simple to get.  When I knew I was going to apply for IR I just called up the pogey people and asked for printouts of my past payments and to also receive each future statement by mail. The phone call took all of 2 minutes and I received the printouts within 4 days.  And every two weeks after that I got statements sent to me...which arrived the day after my payment.

 

Back to Top
airwick View Drop Down
Newbie
Newbie


Joined: 29/July/2008
Points: 3
Post Options Post Options   Thanks (0) Thanks(0)   Quote airwick Quote  Post ReplyReply Direct Link To This Post Posted: 29/July/2008 at 10:37am
Thanks guys, I know this is an old(er) forum but it helps with my situation.
Back to Top
 Post Reply Post Reply

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 12.07
Copyright ©2001-2024 Web Wiz Ltd.