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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sexybeaches View Drop Down
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Joined: 02/April/2013
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    Posted: 02/April/2013 at 12:31pm
I am trying to figure out my options for paying my student loan. I am been out of school for 7 years and have only ever been able to pay interest only or repayment assistance. I made to much to qualify for repayment assitance so my only option is to pay interest only again. The principal of my loan has stayed the same for the past 7 years.
Questions if I can only ever pay interest only payments for 15 years will the goverment kick in and absorn the balance ?
I know if you qualify repayment assistance the government kicks in to pay the principal and will pay of balance after 15 years.
Help I feel like I am throwing money into a black hole and will be paying for 50 years
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