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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MrBee View Drop Down
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    Posted: 20/November/2011 at 7:38am
Hi!

I have two loans - one with the Government of Canada and one with Manitoba. No bank loans to speak of. I'm in the RAP and have been for about ~36mo now so heading toward stage 2 but not there yet.

My question is this: will the government collect my tax refunds while I'm in the RAP? GST refunds?

Any help would be very appreciated.
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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: 20/November/2011 at 11:17am
Income tax or GST liens are anchored only if the loans go into default.
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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MrBee View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote MrBee Quote  Post ReplyReply Direct Link To This Post Posted: 20/November/2011 at 4:12pm
In other words, I'd need to stop applying for assistance and not cough up the minimum payments? That is a relief. A HUGE relief. As nice as it would be to have a sizable chunk paid off, as long as I'm not currently paying interest on it, it seems much more in my favour to have that money in my pocket to try to propel myself into a better position to pay off those student loans. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 21/November/2011 at 9:53am
I just answered your question about the income tax and GST seizure query of yours. Review the RAP policy for other details.
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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