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.


  New Posts New Posts RSS Feed - 2007 Auditor General Report
  FAQ FAQ  Forum Search   Register Register  Login Login


Forum Locked2007 Auditor General Report

 Post Reply Post Reply
Author
paulaffleck View Drop Down
Groupie
Groupie
Avatar

Joined: 26/September/2007
Location: Canada
Points: 156
Post Options Post Options   Thanks (0) Thanks(0)   Quote paulaffleck Quote  Post ReplyReply Direct Link To This Post Topic: 2007 Auditor General Report
    Posted: 01/July/2008 at 12:44pm
Probably the content from this link has already been discussed, but if not, I thought it merited a posting:
 
 
It's a link to the 2007 Auditor General's Report (Federal Government).   Many contributors to these forums have criticized how CRA and HRDC's don't really monitor the compliance of private collection agencies with the CRA and HRDC's own collection requirements.  This Report backs up those sentiments:
 
"The Canada Revenue Agency (CRA) contracts with private collection agencies to collect a large proportion of defaulted student loans on behalf of HRSDC. Both the CRA and HRSDC have a responsibility to monitor the private agencies' compliance with specified collection requirements. However, we found that neither one carries out this monitoring adequately. "
 
My observation is this:  Does the opinion of the Auditor General that two governmental agencies have failed in their duties impact upon the viability of the kinds of legal proceedings some posters have suggested?  (I note that this is the most recent report from the Office of the Auditor General, on this subject.)  These reports can be mind-numblingly boring, which is precisely why nobody reads them, which is precisely why these collection agencies can get away with breaking the rules.  So maybe we should all start reading them?
 
-Paul
 
 
Back to Top
Sponsored Links


Back to Top
SolveStudentDebt View Drop Down
Moderator Group
Moderator Group
Avatar

Joined: 05/November/2003
Location: Canada
Points: 5996
Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 02/July/2008 at 6:46am

If a student loan borrower has been subjected to an erroneous default, and then sued by the loan provider for non-payment for whichever their reason, then the system;s failure is responsible. I agree. As for collection agencies, they get away with the things they do because ... well, just because. Who is going to stop them? That is where you have to start focusing. Who has the power to stop them from doing the bad things they do?

The federal government is actually in the process of discontinuing the use of third-party collection groups in the near future. There is an article floating around quoting Rosalin Frith and Monty Solberg on this particular subject.  
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

solvestudentdebt.com
Back to Top
 Post Reply Post Reply

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 12.07
Copyright ©2001-2024 Web Wiz Ltd.