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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nago View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote nago Quote  Post ReplyReply Direct Link To This Post Topic: Take a look at this!!!!
    Posted: 16/February/2005 at 11:11am
Incompetence at its best

In december i got a letter saying my ir expired(5 years)

So i promptly phoned and was told to phone back in january

I did.

They said to apply for interest relief

I did

On mon feb 14, 2005

They said i no longer qualify

It says apply for debt reduction( i've been trying to get the forms for debt reduction for over a month : i applied online, went to the bank but they didnt know that this program exist)

Today i phoned roshon #67

And she says i wont be accepted for debt reduction cause my loans arent in good standing cause "i applied for the wrong program" and i missed my payments in december and january

I told her thats what the "bank told me to do" --apply for interest relief

So i asked her how can i keep my loans in good standing if i dont have any money

She said, "I Cant answer that question" "she doesnt know"

What the heck?

I dont understand this

Are their programs to help people who are experiencing financial difficulties ?



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nago View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote nago Quote  Post ReplyReply Direct Link To This Post Posted: 16/February/2005 at 11:13am
I have another post on feb 4 where im asking for where i can get the forms

I applied online and still havent got my forms


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Post Options Post Options   Thanks (0) Thanks(0)   Quote nago Quote  Post ReplyReply Direct Link To This Post Posted: 16/February/2005 at 11:14am
So how do i keep my loans in good standing so i can apply for bankruptcy if needed ?
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