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 get CBCL off your back ?

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IrritatedOne View Drop Down
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    Posted: 04/August/2006 at 6:39am
'm really happy - no, "thrilled", is more the word - that I have found
this forum on the web!

I am a real estate agent but I do only about 1-2 deals a year, self-
employed. I have maxed out my credit cards and supposedly have a
student loan around $29k from 1996-7. I never made any attempts
to pay until this past November 2005, when they forced me to put
$6000 on my credit card even though I had made only $7000 that
year!

I feel really stupid because I didn't know my rights. I have a car that
I own, but no other assets, no property, house etc. I live in family
housing in Vancouver (which is still expensive) I have 3 kids and 2
ex-husbands who don't pay any support. But I have a boyfriend who
I live with who helps pay rent etc but he pays a huge portion of his
pay to his ex-wife for support. I receive calls from CBCL every single
day and I have stopped returning their calls since about February
2006.   

I told them I was waiting on a deal, and if I got it, I'd pay
them off. It hasn't happened yet. (A client of mine wanted to buy an
apartment building & hasn't found one yet). CBCL suggests
ridiculous things like how about I get a loan to pay them, or tell me
that $150 or $300 a month won't even cover the interest accruing on
the loan. There's about $11k in interest apparently.

Do you know how I can specifically get these guys off my back until I
have a means to pay them without accruing more interest? The $6k
I paid will be for nothing I imagine.
   

Now they've started a new method, every morning they found about
3 times in a row; my caller ID says "unknown name, unknown
number" so I don't answer. A new case worker has left me a
message, politely, but I don't want to call them back until I know
what I should tell them.

Thanks to anybody who can help on this one.       
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