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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blah View Drop Down
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    Posted: 07/July/2004 at 7:20am
When a judge makes his decision regarding discharge of a bankruptcy, what does "not acting in good faith, or frustrating the system" mean?

Obviously people who enter bankruptcy do so after defaulting on payments. So it seems unreasonable to consider loan default as part of the definition.   

Would anyone with knowledge about this be so kind as to comment?

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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 07/July/2004 at 8:10am

 

 Hi Blah,

 "Not acting in good faith" and "frustrating the system" from the oposition's perspective means trying to cheat the system and get out of the responsibility to repay. Or, it could also mean that there has been false or misleading information given (hidden income(s), etc. If they determine (or conclude in their discoveries upon examination) that a bankrupt has not acted in good faith (or frustrating the system) then they will certainly opose the discharge. Now, as Laurel pointed out in a previous post, the HRDC/CSLP is notorious for having their legal parties opose discharge regardless of the case. This is the absolute truth and reality of this issue.  

 As for the decision-making and processes from the adjudicator's perspective, Laurel can asnwer this one.

 Blah, if you look into the history of the issue (between 1993-1997), you will see more clearly.

 Johnny

  

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 blah Quote  Post ReplyReply Direct Link To This Post Posted: 08/July/2004 at 5:02am
Thanks so much for the prompt response, Johnny. I really do value your expertise. Regardless of how I may have come across in another post, I have in the past and will continue in the future to direct people seeking financial counsel to your website .
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Post Options Post Options   Thanks (0) Thanks(0)   Quote blah Quote  Post ReplyReply Direct Link To This Post Posted: 08/July/2004 at 5:11am
Originally posted by Johnny Johnny wrote:

 As for the decision-making and processes from the adjudicator's perspective, Laurel can asnwer this one.



Laurel, would you be so kind as to educate us about this -- when you have time, of course?   
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