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 LockedIt's been almost three years

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Pretzel View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Pretzel Quote  Post ReplyReply Direct Link To This Post Topic: It's been almost three years
    Posted: 01/October/2007 at 12:08am
Three years since the "much needed" "fast-tracked" piece of legislation brought forth to help both workers and students, Bill c-55, has received royal assent. I don't know if this is any precedent, and have to wonder why noone is up in arms over this, no student or workers unions,  none of the left-leaning political parties, noone here, hardly a soul seems to really care, and it is a little odd... but i disgress.
Let's say if any student debtors have been holding their breathe out there, they have likely beaten a guiness record at the very least, or have expired in the process... 
And now it looks as though bill c-62, the amending bill to c-55, itself almost at the point of receiving the Queen's stamp of approval was dropped due to the recent prorogation of the House session by the tories and that means nothing will happen for the foreseeable future as far as reforms go. 
 
My ten years are almost up myself and I believe I have a case for debt discharge but I have to feel for others who dropped out of higher education later than I have and are stuck in a hardship situation for an undetermined amount of years to come. Hang on and try to remain positive is all that I can say to you. This lingering poor credit situation is equivalent to social death in many ways in today's world. Things get rough along the way. Harassment, humiliation, psychological and couple issues, exclusion, etc. the examples fill the archives of this forum to the rim. 
 
When all is said and done, I will keep a very bad memory of the political class in general for its failure to act upon the clear injustices suffered by their citizens in this delaying of the process, whether this translates into lost wages and poorer conditions for workers or makes worse the effects of an unmanageable, crippling debt burden for (ex)-students. No thank yous there, to anyone, not even the well-wishing NDP. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Pretzel Quote  Post ReplyReply Direct Link To This Post Posted: 01/October/2007 at 12:11am
Erratum: Make that two years, though it may feel like three.
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