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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Breakfast Club View Drop Down
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Joined: 15/February/2012
Location: Victoria BC
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Breakfast Club Quote  Post ReplyReply Direct Link To This Post Topic: Greetings
    Posted: 15/February/2012 at 11:46pm
Hey everyone: 

Thought I'd sign up and register to show you my support. 

I never had a student loan, but empathize with your grief over this predatory loan scheme that has been ruining North American peoples lives for quite some time. Your type are around me in my day-to-day life, and I've quite frankly had enough of it.  

I will continue to read the forum for tips and ideas to pass them along with my student friends as well as my MP.  

You may be interested in the following link as well: 

[Admin note:  This is a US site, and the information on the site refers to US loans only]

This is a continental problem, not just subject to this country. It's actually worse than the mortgage and loan scandal! It must be dealt with seriously. I will be addressing ANYONE to this sight along with the upper link who is considering a student "shark" loan while strongly advising them NOT TO. 

Thanks everyone: Your Great. 
 


Debt is slavery.
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