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 LockedJohn, You the Man!

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Still_Broke View Drop Down
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Joined: 26/April/2005
Location: Canada
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    Posted: 01/December/2005 at 10:04am
A BIG Thanks to John and the CFW Group!
 
It was a long, hard battle, but it has coming to a happy ending. My credit is finally on the mend and the bank has been cleared.
 
I really needed to get the student debit of my credit and the time had come to make an offer. I wasn't sure how to approach the bank/collection company were I wasn't going to get the shaft. So, I did some investigation and found a wealth of information on this website. This lead me to contact John and his merry men at CFW. John and CFW managed to settle my student loans properly and I saved BIG. I didn't think I would ever get it out of my hair.
 
To everyone thinking it will never come to an end contact John and CFW and find the light at the end of the tunnel.

Cheers and THANKS again!

C

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