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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validatemydebt View Drop Down
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Joined: 20/September/2008
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Post Options Post Options   Thanks (0) Thanks(0)   Quote validatemydebt Quote  Post ReplyReply Direct Link To This Post Topic: Debt Validation
    Posted: 20/September/2008 at 12:22pm

Does anyone actually ask these collection agencies in writing to validate the debt they claim that you owe?  I had 3 collections I sent them a Debt validation letter to prove that I owe this debt to them and not  1 of them had any proof.  I did owe the money and I was not running away from my obligations but i just could not pay it while going to school full time.  I sent the letter registred mail, after 30 days of not validating i disputed with the cra's and it was gone..my limit on one card was 300 and the ollection agency wanted 1800 without telling why or how?   

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