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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Coco View Drop Down
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    Posted: 28/November/2007 at 4:01am
I started to receive letter (3 total) from ARC starting this past September.  So i call etc and told the person that i want to take care of this , my loan was for just over $2700.  so i told "Wendy" that i can give her $1000 right now, which i did.  She told me that if i did that that she would drop my loan to $2396 great i though.  Then i received a letter 2weeks later saying that i have been uncoroporative and need to contact them.  I figure i have been pretty coroperative and even sent another $300.  Now i just received a letter saying that if i do not contact them within 24hrs that i will be taken to court because i have not contacted them or paid the amount in full.  But when i spoke to "Wendy" i told her point blank i don't have the full amount but this is what i have right now which is what i have give.  My question is how am i being uncoroperative?? i have given about half of the money that i owe in a month.....i am confused.  If i had money growing on trees i would give it to them to have them leave me alone.  I want to have this done with but i don't get how i am being uncoroperative by paying?? Now i don't want to call back.  What should i do ?? wait and give what i can or call ?? i dont' want to cause trouble but i am making every effort to pay this loan off. 
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SolveStudentDebt View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 28/November/2007 at 4:26am

They are saying that you are uncooperative because you are not jumping through the hoops that they are presenting to you. They want you to do what they demand - and if you don't, you are labeled uncooperative.

Do you want some quick help resoving this? If so, let me know.
 
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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Coco View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Coco Quote  Post ReplyReply Direct Link To This Post Posted: 28/November/2007 at 9:06am
Any help would be greatly appreciated.  Unbeleivably frustrating when you try to do the right thing yet the collection agency people make it look like you are the  bad guy when you have every intension on paying..
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