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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hoop77 View Drop Down
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Joined: 19/April/2007
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Post Options Post Options   Thanks (0) Thanks(0)   Quote hoop77 Quote  Post ReplyReply Direct Link To This Post Topic: Royal Bank Sucks
    Posted: 19/April/2007 at 11:51am
I had student loans with the Royal Bank only because things changed and I wasn't allowed to take them through my own bank. I thought I only owed $1000 left on my Sask SL.  I got a phone call from the royal bank saying that they had takin the money out of someone elses account for the past 3 1/2 years. Now they want me to pay $1000 up front and then make payments to catch up the arrears or pay $3500 to clear it up. It was there mistake to start with and all I asked for was a simple one payment of $100 a month and pay that till the loan is cleared up, they didn't like my idea.
Now they have put me in collection, the lady got mad because i was swearing, it wasn't at her, i was trying to explain my situation. Ok maybe i should watch my mouth but anyways, she told me to try and get a loan from my bank, get my parents or brother to co-sign, i said my parents are not in a position to be able to and she wanted to know my whole life history, i kept telling her it was none of her business. She said i can either tell her or she will find out everything she needs the next day including what i'm wearing. When I tried to ask her a question, she said can we finish one thing at a time, I politely ask her if she was only able to handle one thing at a time and she hung up on me.
If anyone has any ideas what I can do with this please let me know.
She also said she will just tell the royal bank to sue me.
 
 
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