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 LockedNew Student Debt Posted over Debt from 2002

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angieleigh View Drop Down
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Joined: 16/December/2017
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Post Options Post Options   Thanks (0) Thanks(0)   Quote angieleigh Quote  Post ReplyReply Direct Link To This Post Topic: New Student Debt Posted over Debt from 2002
    Posted: 16/December/2017 at 5:43am
On My Credit Karma report it shows
Government Student Loans
Opened March 1, 2002
Last payment date Jan 1, 2003
Reported Dec 2, 2011
 
Can& Int Ft Student Loan
Opened July 1, 2001
Reported Dec 31, 2007
 
Finan Debt Rec
Opened Jun 1, 2017
Original Creditor MTCU
Reported Dec 12, 2017
 
Finan Debt Rec
Opened June 1, 2017
Original Creditor MTCU
Reported Sept 15, 2017
 
I had student loan/OSAP back in 2002 only and haven't paid anything towards it.  How can it still be on my credit and repost new ones in 2017?  I have not made any contact with them whatsoever over the years
 
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SolveStudentDebt View Drop Down
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Joined: 05/November/2003
Location: Canada
Points: 5996
Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 18/December/2017 at 2:54am
Your OSAP loan will remain on your credit history until it is paid. Your loan is not caught by the old limitation law prior to 2004, thus no limitations bind the government of Ontario. 
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

solvestudentdebt.com
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