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: 08/December/2005 at 12:59am
All right, I've had enough.  I feel that I have exhausted all of my options and I contacted a lawyer yesterday.  I don't see myself as an isolated case.  Anyone who has been legally wronged by CBCL, and/or feel that they have been unjustly placed into collectons then contact me and share you story.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Mersan Quote  Post ReplyReply Direct Link To This Post Posted: 08/December/2005 at 4:18am
Hi Nada it's under the student loan action forum.  Can we get some details and know if we have similar cases.  Who or what do you feel sent you to collections unfairly?  Illegally might be a better term.  How are we supposed to contact you? 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote JenniferMary Quote  Post ReplyReply Direct Link To This Post Posted: 08/December/2005 at 11:44am

Nada..you are not alone..there is a letter to the editor on Student Loans printed in the online edition of The Canadian National Newspaper, might be worthwhile reading.

http://www.agoracosmopolitan.com/home/letters_editor1.php

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: 09/December/2005 at 5:53am
Well, actually I find that disturbing... (the fact that I am not alone) besides, I am not concerned with being alone, I am concerned with making some progress.  Thanks
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Post Options Post Options   Thanks (0) Thanks(0)   Quote gila Quote  Post ReplyReply Direct Link To This Post Posted: 10/December/2005 at 7:35pm

Nada, I'm in full agreement. There seems to be a prevalent view that lawsuits are doomed to failure. I don't agree.

Even in Canada, if you can prove that someone caused you damages by their actions and such actions were illegal or negligent, you're entilted to compensation.

If you're going to do it, there might be some help here. Bear in mind though, that most people are here just to get their own problem dealt with and move on. There's not a lot of people who have solved their own problems and stick around to help others.

Let us know what we can do.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 10/December/2005 at 9:56pm
Yes, we would be entitled to compensation... the only problem is that it would cost around $200,000 to get through the court process!

My masters program was misrepresented as a two year program, when it was a three year program.

All legal experts I spoke to quoted me a figure of $60,000 to get to court and another $100,000 if they appealed...

As for a class action lawsuit the requirements are very specific. About two years ago this was investigated, but everyone on the site found that each of our cases was slightly different meaning that we wouldnt qualify as a class action suit.

If anyone can research this further, we can continue to investigate...

of course, I'd really like to see a lot of us have our day in court.

Mark
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