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 Lockedcan you receive OSAP after banktruptcy

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lilpiglet View Drop Down
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    Posted: 14/May/2013 at 2:08pm
Hello, 

I was wondering if I decide to declare bankruptcy (on unsecured line of credit due to extreme health circumstances). I recently returned to back to school after a many years off due to my health. However I received 4.0 GPA last semester and really want to continue on with school but I need financial assistance. At the same time, the unsecured debt that I accumulated while before getting ill is haunting me for few years and I feel as if its best to declare bankruptcy on that portion. 

Would I still be eligible for further OSAP assistance if I file for bankruptcy? 
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Radagast View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Radagast Quote  Post ReplyReply Direct Link To This Post Posted: 14/May/2013 at 10:49pm
The OSAP questionnaire specifically asks you if you have ever declared bankruptcy. I believe they have something called a "Credit Appeal" that will allow you to dispute them automatically rejecting you, however.
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lilpiglet View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote lilpiglet Quote  Post ReplyReply Direct Link To This Post Posted: 26/May/2013 at 8:38pm
Thank you Radagast for your advice. 

For some reason, was not letting me reply to your advice nor thank you.
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