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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cuddybear View Drop Down
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Joined: 28/January/2005
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Points: 8 		Post Options Post Options   Thanks (0) Thanks(0)   Quote cuddybear Quote  Post ReplyReply Direct Link To This Post Topic: Student Loans or Child Support
    Posted: 28/January/2005 at 4:01pm

I'm in it for about 10,000 and counting. I'm a salaried worker at 50, 000 and I support two children at the tune of about 1000 per month.

Collections refuses to respect this to the point of saying that I am a unfit father who rather shrug his student loan responsibilities. I'm not able to pay the full payments per month, but the company is not willing to provide me with monthly statement either so that I can make sure that the payments I send in are actually being applied directly to the loan.

 

Is this legal???

Can they also sue me when I have to give most of my income in parental support???

 

 
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kwelmm View Drop Down
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Joined: 06/November/2004
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Points: 702 		Post Options Post Options   Thanks (0) Thanks(0)   Quote kwelmm Quote  Post ReplyReply Direct Link To This Post Posted: 28/January/2005 at 4:58pm

Nice name---and welcome.....to the site....

You could try a couple things:  1.  Try speaking to a supervisor of the CA and ask for a monthly statement saying that you would like to further some more money, although...are hesitant given that you are unsure if the payments are actually being applied to the loan amount....and when such monthly statement is provided you will be more than happy to make a payment-- 2.  Perhaps the creditor of your loan has information regarding payments made....you can let them know of the mistreatment being given by the CA and how you would like confirmation of payments received.

Don't let them treat you like a subhuman being--you are not one!!  Take control of the conversation...stay informed of what they can and can't do!!!

If you are making payments--the CA should have no business referring you for legal action.  Sometimes it is scare tactic...to get you to pay more....

 
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cuddybear View Drop Down
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Points: 8 		Post Options Post Options   Thanks (0) Thanks(0)   Quote cuddybear Quote  Post ReplyReply Direct Link To This Post Posted: 29/January/2005 at 3:49pm

So it is better to ignore these tactics or file a complaint with HRDC and Provincial Consumer Affairs against these ways of conducting business?
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kwelmm View Drop Down
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Points: 702 		Post Options Post Options   Thanks (0) Thanks(0)   Quote kwelmm Quote  Post ReplyReply Direct Link To This Post Posted: 29/January/2005 at 4:08pm

Better to ignore??  I would say no.  For the complaint to have any punch it's best when there is proof of such misconduct....that's where it gets tricky--the CAs cover themselves very well....but sometimes you can catch them at their dirty little games by catching them on tape by recording their misconduct.  The more you have on these people the better your chances that something will be done--most likely a scolding for the CA and maybe even better -- their liscence may be pulled (the agency liscence).

The managers are often well aware of the tactics that their employees use...  That is the sad part! 

There is info. on the homepage for filing complaints under one of the tabs at the top of the page...can't remember which one right now.

I wish you success in whatever you choose to do!

Maybe one of the former CAs will have some good info. for you....
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