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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    Posted: 28/April/2004 at 6:26am
Student loan headaches logged in thousands of cases each month
http://www.canada.com/search/story.html?id=b50c05f1-1afa-413 4-b5b4-27e942a97270

http://www.canada.com/search/story.html?id=b50c05f1-1afa-413 4-b5b4-27e942a97270

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Casey View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Casey Quote  Post ReplyReply Direct Link To This Post Posted: 28/April/2004 at 8:45pm

Thanks Mark, some more good press coverage! Now if the government would only listen. One sad comment "documentation problems or mix-ups linked to 2.16 per cent of 116,000 calls" . Is HRC saying that it's OK if 2.16% have their lives screwed up?

The link provided id not work for me.. I did a search and found the story.

This short link should get you to the right story. 

http://tinyurl.com/3ar9k

Casey . . .

 

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Post Options Post Options   Thanks (0) Thanks(0)   Quote markomeara Quote  Post ReplyReply Direct Link To This Post Posted: 28/April/2004 at 11:56pm
Yeah, lets do the math
2.16 percent PER MONTH = 24 percent per year!   

So 24 percent of student loans are screwed. Given the fact that it takes 10 years and 24 percent are screwed per year, then 240 percent screwed over 10 years

So expect to have your student loan screwed up at least 2.4 times over the life of the loan...

of course with mortgages or personal loans this just doesnt happen!
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