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 LockedThey won’t let me pay at all.

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joanne1970 View Drop Down
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Joined: 22/August/2006
Location: Canada
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Post Options Post Options   Thanks (0) Thanks(0)   Quote joanne1970 Quote  Post ReplyReply Direct Link To This Post Topic: They won’t let me pay at all.
    Posted: 22/August/2006 at 9:26am

I too like you guys have a crazy student loan that I was unable to find for years after lost paperwork ( scotia bank )( even with proof I sent it and all ) Maybe a class action suit for those who have lost paperwork from that bank should be started.  NO ONE could tell me who had my loan or who to pay.  I too had my loan around the 97 mark, but I have another collector that won't even allow me to make any payments.  I think he just likes to harass the hell out of me. He told me he saves my name for when he is having a bad day. I have recently reported him. I have sent payments and he has sent them right back to me. 

I co-signed a lease (it was only supposed to be a six month lease ) one and a half years later they came after me to pay it even though the person who had the debt was willing.  He laughs at me and hangs up saying thing like TOO BAD FOR YOU and I didn't fall off the turnip wagon. He was actually ordered by the court to pay me money and that amount has not reduced the debt at all.

If they are doing their job unethically, I would report them.  Ask them if they have any debt while they are making fun of you.  I would have to say %100 of us here have debt. 

If inflation would stop killing  the small amount of money we make after we are taxed to death, I am sure we could all manage.

JO-jo
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