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 LockedOntario grant overpayment from 1990s?!

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SallySky View Drop Down
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    Posted: 25/March/2014 at 9:03am
I went to university in the early 1990s. I received a study grant in my first year and a couple small OSAP (Ontario) loans as well, which I paid off in full several years later.

In 2005, out of the blue I started getting calls from a collection agency saying I owed money on my student loans. I told them they were wrong, I had paid those loans off in full almost a decade ago, and demanded paperwork proving I owed this money. They never sent it, but kept calling and sending "MUST PAY BY NEXT WEEK OR ELSE!" notices, which I ignored.

In 2006 or 2007, a letter arrived from OSAP saying they had suddenly "reassessed" my 1992 study grant and decided I need to pay it back, so I now owed an "overpayment" of about $1300, and they wanted it repaid immediately.

Anger & frustration aside, I wasn't able to pay anyway due to financial hardship for several years. The collections calls eventually stopped, and the item fell off my credit reports.

Today I get a letter from the CRA saying they've taking my tax refund to repay "an outstanding student loan debt"!

What the hell is going on? How can our governments do this? How can they legally "reassess" a grant 15 years later and demand repayment -- PLUS interest?! The amount they want now is more than double the original grant. Legally we're not even required to keep paperwork for that long!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 25/March/2014 at 4:42pm
I think you need to contact your MPP...
There were a ton of these reassessments a few years ago.  There is a subforum on this topic....I hadn't heard of them now passing them to the CRA!   Thats unfair.

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