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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    Posted: 22/March/2004 at 7:33am

Here's my story:  I have approx 18grand in fed and bc loans from when I left school in 2001 due to depression/anxiety disorder I developed. My wife and I are in bankruptcy now and CA has said they will sue me for the money after bankruptcy.  My wife may be losing her job due to her employer being in creditor protection, so we will have even less money to live on in the near future.  My health has also deteriorated over the past couple of years, and I am unable to work for the forseeable future, and two doctors have diagnosed my condition as severe and chronic.

Is there anyway for me being chronically ill to get out of this mess besides waiting for the 10 years and declare bankruptcy again?  Sadly I will be totally dependant on my wife for the forseeable future, so working to repay the loans is not an option at this point.

Thanks for any info in advance.

 

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