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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bluenoser View Drop Down
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Joined: 29/March/2004
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    Posted: 29/March/2004 at 7:35am

Hi,

I'm writing a story on the Charter Challenge against the current bankruptcy policy that lumps students in with criminals by banning them from discharging their student loans for ten years. All other debts and all other debtors (excepting criminals) can declare bankruptcy after 9 months.

Wondering if anyone out there has a story to tell  about wanting to declare bankruptcy but not being able to.   We need real voices to tell this very real story! Thanks a lot,

Susan Aitken (aka, swimming in debt!)

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eshelton View Drop Down
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Joined: 19/January/2004
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Post Options Post Options   Thanks (0) Thanks(0)   Quote eshelton Quote  Post ReplyReply Direct Link To This Post Posted: 30/October/2004 at 8:20pm
There are plenty of people on this site wishing to, but for some reason or another these posts get lost in the shuffle.

For me personally, I'd rather leave the country than declare bankruptcy.  But the worst they've done is mar my credit report, there are people here far worse off than me. 
"A proof is a proof. What kind of a proof? It's a proof. A proof is a proof. And when you have a good proof, it's because it's proven." - Jean Chretien
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