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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trevor braam View Drop Down
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    Posted: 05/September/2007 at 8:59am
In the very near future I will be taken to court by a law firm representing the Gov'n of Canada for ~ $40,000 in Federal student loans.
 
1) How would a ruling effect the interest on the loans?
 
2) I also owe another $40,000 in Ontario student loans, can the court also deal with that to some degree?
 
3) How would a ruling affect the my ability to claim banckrupcy.
 
I beleive I can prove financial hardship.   I am a single father of two girls and my monthly expenses usually exceed my income.  I am about 2 years away from this magical 10 year limit.  I also find it somewhat ironic that the law firm now decides to persue me.
 
Can someone please direct me towards recent decisions handed down in Ontario.
 
thanks,
Trevor.
 
 
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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: 05/September/2007 at 11:59am
1) The reason you are being persued is because there is a limitation issue 2) The interest will reduce to the standard rate once a judgment is anchored (likely 5%) 3) Bankruptcy is a big risk for anyone with a student loan. The government of Canada will opose the dicharge. Especially now that they have commenced an action to enforce.
 
If you need some help, let me know.
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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trevor braam View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote trevor braam Quote  Post ReplyReply Direct Link To This Post Posted: 06/September/2007 at 12:54am
Johnny,
 
thanks for your input.
Yeh I'm sure I could some help.  However, I am just barely getting by right now.  I will be representing myself in court.  I cannot afford a lawyer.  The unfortunate part is that if I use legal aid they will put a lean on my house which will eventually cause me to loose the house when I go to re-mortgage.  I have ~$30,000 in equity but could not afford an increased payment.  I currerently make student loan payments of ~$150/month.
 
Any type of ruling that includes any sizable payment increase would also cause me to loose my house because I could not afford it.   I own a small house and my monthly expenses are no more then a three bedroom apt.
 
In other words I dammed if I do and I'm dammed if I don't.  I fully expect these student loans to eventually ruin my life.  I regret ever having gone to post-secondary education.  The constant stess is unforgiving.
I would happier sitting on my ass collecting welfare.  I work very hard right now, for what?
My student loans equate to another mortgage.  If I could have consolidated the four loans I have (2 fedaral and 2 provincial) it might have been possible.  I appied but never recieved loan forgiveness or any interest relief. Also never received any grants. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 06/September/2007 at 2:26am

Well, for one, I am not a lawyer, and two - this is something you can fix on your own. You just have to know who to approach and how to approach them.

Best of luck and if you do need help, you know where to find me. '
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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trevor braam View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote trevor braam Quote  Post ReplyReply Direct Link To This Post Posted: 06/September/2007 at 4:07am

Johnny,

I need your help.  I don't know where to turn to get the utimate answers to my questions.  Lawyers will stop at nothing, especially when repesenting the government.  Its a win-win for them.
My eldest duaghter is in her last year of high-school and I will do what ever possible to avoid having her go through the same student loan nightmares to get a college/unversity education. How can I help her when I am in relative finacial dire myself.  I make ~ $40,000 a year.
I went to school to better my life and utimately the lives of my kids.  I feel it could potentially back-fire.  I am teaching them to be productive members of society, not a drain. 
 
I wish to avoid court if possible, but maybe its a neccassary evil.
 
Trevor.
 
 
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trevor braam View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote trevor braam Quote  Post ReplyReply Direct Link To This Post Posted: 06/September/2007 at 7:28am

Johnny,

 
Just received a leter my the lawyer for the plantiff (Attourney Genral of Canada).  Pre-trial conference is in a couple weeks.  Is it too late?
I could really use some direction.
 
Trevor.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 07/September/2007 at 2:28am
You have to contact CRA Legal Services or Justice CLAS and work things out with them. If you need help, let me know.
 
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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trevor braam View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote trevor braam Quote  Post ReplyReply Direct Link To This Post Posted: 07/September/2007 at 3:04am
Johnny,
 
I am slightly encouraged by your comments, but i'm not getting anywhere.
 
I don't know what the CRA or CLAS are.
 
Trevor.
 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Staretz Quote  Post ReplyReply Direct Link To This Post Posted: 09/September/2007 at 12:17am
CRA is Canada Revenue Agency (Revenue Canada). CLAS is probably Legal Aid Services
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Canada Revenue Agency (CRA) & Community Legal Assistance Society, please correct me if i'm wrong.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 10/September/2007 at 9:30am
Collections, Litigation & advisory Services for the department of justice (CLAS).
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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Post Options Post Options   Thanks (0) Thanks(0)   Quote trevor braam Quote  Post ReplyReply Direct Link To This Post Posted: 10/September/2007 at 12:58pm
I should have got my education in France
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 10/September/2007 at 4:04pm

Tu Parles Francais?

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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