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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ajaxguy View Drop Down
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    Posted: 05/October/2007 at 10:41am
Ok I need some serious help here if possible. Me and my sister are co-apps on a default LOC, the sum is $26,000, now they have offered a settlement for $21,000 but i cant come up with either, Now if i get the account # and say i wanna make payments of like $300 per month, even if it lasts for 8 or 9 years do they have to accept that? Or should i just not pay becuase in 7 years it will be gone anyways.
  They keep on saying they will take me to court, that was since Jul/07 to now, i just laughed and said ok go ahead.  What would the best option for me to do be? I dont mind owning up and paying but i can only pay about $300 a month and at that rate will take forever anyways.
  And if i do make payments i cant really deal and say i want all negative trade lines off my file.
  Any help/suggestions would be appreciated , my sister is really stressed , because it was my fault i fell behind to make it default but want to try and do something, or is it even worth it?
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markomeara View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote markomeara Quote  Post ReplyReply Direct Link To This Post Posted: 07/October/2007 at 7:49pm
You might talk to John at CFW Group and become a client. He can help work out things and get these agents off your back...
Mark Linden O'Meara
Founder of Canadastudentdebt.ca and author of The Feeling Soul - A Roadmap to Healing and Living
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