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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    Posted: 05/December/2005 at 6:40pm
I received a phone call from ARC all at my work place demanding that i pay $21,000 for my scotia loan in 2 days. I am out of the country and have been for 6 years in fact have become a perminate resident and citizen of another country. I have been sending money home to pay my loan however since I have a line of credit loan and a scotia loan i had thought my money was covering both i have now found out this is not the case. They have now called for the third time in 2 weeks this time contacting the accountant and asking about garnishing my wages. He DC has made many threats including a warrant, no credit for 20 years and thousands of extra fees. What are my rights? And how can i get him to stop discussing my personal information with my employer? Please help! The all mighty has granted me until thursday to contact him.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 06/December/2005 at 1:55am

I can help you if you would like. This is a very complex situation, indeed. If they are discussing your personal information with your employer that is against the rules, of course.

Let me know if you need any help. I can solve this for you.

Johnny

www.cfwgroup.ca

 

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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