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 LockedIR on CSLP with OSL in default

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KimM View Drop Down
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    Posted: 08/January/2005 at 10:47am

Is it possible to get IR on my CSLP which is currently in good standing while my OSLs are in default?  This is bad I know...

 

Nehemiah 5:7 Then I consulted with myself, and I rebuked the nobles, and the rulers, and said unto them, Ye exact usury, every one of his brother. And I set a great assembly against them.

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kwelmm View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote kwelmm Quote  Post ReplyReply Direct Link To This Post Posted: 08/January/2005 at 2:53pm

They are separate application forms for each one for interest relief...so, I can't see why the OSL default would influence your eligibility for interest relief with the CSL!

I was in default with my CSL and still qualified for interest relief with my OSL.....you should be okay unless things have changed that much

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Post Options Post Options   Thanks (0) Thanks(0)   Quote KimM Quote  Post ReplyReply Direct Link To This Post Posted: 09/January/2005 at 11:27am

Thanks K.  I guess I was thinking there was a grande "restricted list" for all SLs.  I tried looking it up on the NSLC website but seemed to go in circles.

Nehemiah 5:7 Then I consulted with myself, and I rebuked the nobles, and the rulers, and said unto them, Ye exact usury, every one of his brother. And I set a great assembly against them.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote KimM Quote  Post ReplyReply Direct Link To This Post Posted: 10/January/2005 at 5:08am

My CSL was for the school year 2000/2001.  NSLSC confirmed that I am eligible for IR even though my OSL is in default.  Loans after 2001 I don't know what happens.  It looks like there may be an integrated CSL-OSL and therefore maybe one restricted list(?)

 

 

Nehemiah 5:7 Then I consulted with myself, and I rebuked the nobles, and the rulers, and said unto them, Ye exact usury, every one of his brother. And I set a great assembly against them.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote kwelmm Quote  Post ReplyReply Direct Link To This Post Posted: 10/January/2005 at 10:00am

Kim...that's great to hear   Yah, I'm not sure how they handle the integrated loan interest relief???  I guess that is one good thing about the old way--the two are separate, and therefore, each considered separately for IR!!

Again...good news

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Post Options Post Options   Thanks (0) Thanks(0)   Quote KimM Quote  Post ReplyReply Direct Link To This Post Posted: 11/January/2005 at 6:16am

Keeping my CSL in good standing gets me my income tax return.  I understand that the Ontario government can/will take it too.  They haven't so far but since I haven't been paying on the OSLs these past 10 months I guess I will have to wait and see what will happen this year.  Thanks again K. 

Nehemiah 5:7 Then I consulted with myself, and I rebuked the nobles, and the rulers, and said unto them, Ye exact usury, every one of his brother. And I set a great assembly against them.

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