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 LockedCant get forgiveness on loan HELP!!!

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mr depression View Drop Down
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    Posted: 10/June/2004 at 6:01am

I tried getting loan forgiveness because the loan center was saying that they cannot give it to me unless they dont get my father tax return statements from 1996 to 1999. I would love to give it but the problem is that my family is now living abroad in their home country and they don't have a concept of tax forms over there! So what can I do? They say well unless you cant give us your dads income tax info we cannot persue? What a bunch of B.S!!! What does my dad got to do with this all. How can I give something thats not there???

Please Help me!!!

P.S I am bolting out the door from canada and never comming back as this is getting too brutal!

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PS116 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote PS116 Quote  Post ReplyReply Direct Link To This Post Posted: 11/June/2004 at 6:26am

I'm sorry but I have to say something here. That money was lent to you in trust that you would pay it back. It is unfortunate that you're having a difficult time but I think that nearly everyone who has ever read or posted anything on this website can say that they have had great troubles trying to be granted loan forgiveness...you aren't the first and you won't be the last. It is because of irresponsible people that the rest of us are saddled with the burdens of high interest rates, unreasonable repayment obligations, and unfair circumstances regarding student debt.

Don't use your fathers' inability to come up with proper documentation as a way of saying 'poor me...we don't understand, so therefore we be allowed to get away with everything'. You understood enough to borrow the money and now it's time to pay it back.

Your comment about leaving without paying back your debt just really pissed me off because most of us are having to work hard and do without because of people like yourself.

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mr depression View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote mr depression Quote  Post ReplyReply Direct Link To This Post Posted: 11/June/2004 at 8:43pm

Ok i am paying my loans right now and working as hard as i can like everyone else. When i got my loans when i came to canada at the age of 18 i was in the perception that it will all pay off when i get  a job. So there you go. People get loan forgiveness by the way and its not a crime. My situation is that they are willing to give it under certain circumstances which i cannot control.

By the way you must be one of those hidden collection agents talking or pretty much drunk while typing. Nobody asked you what you felt if you want to express yourself go do it somewhere else buddy or open your own forum.

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