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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joe manix View Drop Down
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    Posted: 03/December/2007 at 4:41am
Alert !!
 
Ontario Limitation Act 2002 effective Jan/1/04.
Statute of Limitations-
2 years less a day  (sec.4)  unless you acknowledge the debt.
Federal (Crown Debt) Sec 32 Crown Liability and Proceedings)
6 year statute of limitations.
If you look it up on the Net it will expand on the rules for other provinces.
 
Hope this helps.
 
JoeManix.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 04/December/2007 at 11:06am
You forgot to mention about debt owed to the province of Ontario. THere are no limitations with respect to action and/or proceedings to recover money owed. The two year limitation is for traditional consumption debt. The federal government has its own statute in force.
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote joe manix Quote  Post ReplyReply Direct Link To This Post Posted: 06/December/2007 at 10:23am
I have a difficult time with this because that's what I was told by a Collection agency.
Crown debt no Statute of Limitations.
I even sent them a partial payment after TEN years after my Personal
Bankrupsy.
Then I investigated through the Min. of Finance.
In my case it was a "New Ventures Loan" catagorized as Student
loan through C.M.U.(collections management unit) 
I refused to pay the balance and started a criminal investigation into the legitimacy of matters and was immediatly refunded my money and the
Govt. suddenly became the nice guy and closed my account.
I wouldn't write off the fact that Federal Law superceeds Provincial Law
in many matters where other avenues fail.
It might be worth investigating.
My Lawyer is perusing my file with consideration of litigation against
the Collection Agency.
Because they also stated no Bankrupsy would discharge me either,
so why did they suddenly back off and refund my $$$$ I'm intend to
find out.
It certainly wasn't because they were being nice to me.
 
 
 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 06/December/2007 at 1:41pm

If that is what a collection group told you, it is wrong. Read the federal budget implementation act (bill c 28) and you will see. As for bankruptcvy, ther eis never any guarantee of a discharge. If the lender oposes, then they opose. If you were refunded money, who knows why. Your lawyer could easily find out.

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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