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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beerstud View Drop Down
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    Posted: 06/February/2008 at 8:11am
My loan is with CBV in Calgary and I have been paying 300.00 every month for the past 18 months. Once again I get the document requesting I fill out all my financial information and now they have started calling my house, just leaving a name and number. Do I have to fill out these statements every year? Is there anyway around this? Is this an attempt to get me to pay more money to them?
 
Thanks for all your helpSmile 
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beerstud View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote beerstud Quote  Post ReplyReply Direct Link To This Post Posted: 06/February/2008 at 8:58am
Another question, do I have to increase my payment to this collection agency or leave it as is? The amount that I am paying per month was what I had originally agreed to pay before I got behind in my payments and having them sent to the collection agency.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote cadillacjerk Quote  Post ReplyReply Direct Link To This Post Posted: 21/February/2008 at 9:59am
Yes its a ploy to see where you are at....they may demand more loot for you but really if you can afford to keep the 300  going then do so....if you can't then they will want  to see why....and the game starts all over again
Some days it's just not worth chewing through the leather restraints.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote cadillacjerk Quote  Post ReplyReply Direct Link To This Post Posted: 21/February/2008 at 10:07am
sorry for the "yes" part of my reply...I was referring to the "attempting to get more money out of you" part....
Some days it's just not worth chewing through the leather restraints.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 21/February/2008 at 3:48pm
See the postings under Privacy Violations... I believe this questionaire violates privacy laws.
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Mark OMeara
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https://LaughSingWrite.com - http://bit.ly/heal2024
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Post Options Post Options   Thanks (0) Thanks(0)   Quote beerstud Quote  Post ReplyReply Direct Link To This Post Posted: 22/February/2008 at 3:46am
I seen your article on this yesterday. Unfortunately, I sent mine back in to the "wondeful folks" @ CBV in Calgary. Wish I had seen your post before I mailed it on Monday.
 
I do have an extra form that they sent (if that helps at all), I always make them send it twice first gets lost in mail...oops lol Wink
 
However, I exclude my spouses income from the form, they have no business to know her financial status and income. Angry
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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 23/February/2008 at 7:22am
I've read through my consolidation agreement and there is a clause in there allowing them to collect personal info on me. But I doubt if this extends to the collection agency and could be a considered a blanket endorsement of all the info they want to collect on me...
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