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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Forum LockedHow to know if loan is Statue Barred

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TeddyBear565 View Drop Down
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    Posted: 07/May/2013 at 6:13am
I have recently been having problems with a student loan collections. I obtained a student loan in 1998 and was done in 1999. I have had several interest relief application done from 1999 to 2003. When my husband and i claimed bankruptcy in 2003 it was included in the bankruptcy but not cleared. A couple of years later a collection angency called about the debt. I got some advice from a paralegal to make small payment until a 10 period was up in order to include it in the bankruptcy. (It changed to what i believe 7 years). I went to contact the paralegal and he was disquailified for illegal practices. (out $500 dollars). I continued to make the small payments until recently one of the creditors started harassing me. I'm not sure what step to take. Was told i could try having it included in previous bankruptcy under the hardship application. But i'm not sure if the loans are statued barred. I have read that there is a 6 year limitation prior to 2002. My loans are approx. 3500 and 8000. I told the one creditor that i can only afford the $10.00 payment which i've been paying for a while. The other one i pay $30.00 a month and i havn't heard from them. The one creditor pulled a credit report on me and said i have to pay more because i have credit cards. Told them i can only afford $10.00 dollars. I want to stop paying alltogether if the loans are statue barred. I'm not sure if this is the right step. 
Can you please help.
TeddyBear
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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 07/May/2013 at 11:01am
For stats barred, it would be six years from the last payment or acknowledgement of the debt. The paralegal was advising you to make payment to show that you were acting in good faith, which would help in the application for inclusion in the previous bankruptcy,

Others may have better advice on how to include in a previous bankruptcy....
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Mark OMeara
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Post Options Post Options   Thanks (0) Thanks(0)   Quote TeddyBear565 Quote  Post ReplyReply Direct Link To This Post Posted: 08/May/2013 at 7:04am
Ok Ty. I will keep searching.


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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 08/May/2013 at 7:50am
If you want to appeal to have it discharged in a prior bankruptcy, and feel that you would qualify, then it is a good move. However, by doing so it will likely disrupt a limitation issue if there is one in place. You will have acknowledged the debt, of course. If the appeal is lost then you are stuck with a reset.
 
Find out if it is barred first then make ther appeal if it is not. You can contact an attorney to help you if you can find one that does this sort of work, or we can open a file and do a limitation exam for you.  We specialize in this work.
 
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Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

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