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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Cand1date View Drop Down
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Joined: 01/November/2007
Location: Japan
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    Posted: 01/November/2007 at 8:23pm
Does anyone know how I can contact the National student loan people about my loan?
 
I posted a message about my situation under the heading 'Broke in Japan' (sorry about the typos in that messageEmbarrassed) And I want to contact them about how I should proceed in this case.
 
 I can not pay my loans at the moment because I am more concerned about not getting kicked out of my apartment and being homeless in a foriegn country, than I am about making my paments (which I can't do at the moment anyway). As I said I cannot pay before January as the 1/2 month pay that I get in november will only be enough to pay 2 months rent (Nov and Dec) with about 200 dollars left to pay utilities and eat for a month. I can't affrd to even pay my taxes in Japan at the moment and if I don'T pay them off by January they will freeze my bank account and just take the money.....thank god they don't do that for student loans.
 
Does anyone know a working INTERNATIONAL number. I'm in Asia so I need one that will enable me to actually talk to someone. I just checked my bank account and they tried to take student loan payments out again this month even tho there was nothing there for them to take in September (as I mentioned previously I have not been paid from my former company as it has just gone bankrupt and chances are ery slim that I will ever get the money I am owed.). Anyway now my bank account is minus 381$ because of the overdraft and the stupid fees..(.CIBC charges 40$ for nsf payments).
 
Anyway I have been paying them faithfully since November 2004 and if I can ever catch up I would be able to apply for interest relief if I go back to canada, and then hopefully debt reduction....because I doubt very much that I will ever be able to make enough money in canda to be able to pay back 525$ a month....thats 525$ a month at the maximum allowable repayment time.
 
Anyway this was a long winded note when all I wanted was the international number. LOL!
 
Thanks.
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