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 LockedMaking payments and frustrated!

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sarahharas24 View Drop Down
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Joined: 29/December/2006
Location: Canada
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    Posted: 29/December/2006 at 6:31am

Hi everyone!  I have a provincial and a federal student loan. After finishing school I had a hard time getting employed. Being young, naive and not understanding the concequences, I defaulted on them both. That was 2 years ago, and since then I have been consistently been making monthly payments of $150 to both. Thats $300 a month. All I can afford, but it is a payment right? Well I am constantly harrassed daily by the collection agencies. They want full payment. Even getting to the point of telling me to borrow from family. Also I am told to get a bank loan. They even call me at work. I have two jobs and I haven't filed my taxes ( I know shame on me) so they don't find out my other jobs phone number. I would say that is the most embarrassing part of all. It makes you feel like a loser and people have comments to make about it. I have no assets, my credit is shot to heck and I have no co-signers. I am so frustrated. I feel as if my hands are tied. I can't handle the harrassment, especially when I am making an honest effort. Slowly but surely I am knocking down my stundent loans. Does anyone have any suggestions on what I can do? I would love to have a bank loan, but I don't know what institution would except me. I have all the proof of my payments to both collection agencies. I owe roughly 2500 to federal and 12,000 to provincial. Help please!!!!! Thanks 

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