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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justyce_cl View Drop Down
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    Posted: 05/September/2013 at 6:02pm
The provincial part of my loan mysteriously popped up on my credit bureau after 17yrs. When I contacted them to inform them that if I had a loan that it was stats barred 6 yrs after I defaulted that it was a crown debt & had no limitation. They told me that they were contacting me on behalf of the Ontario Ministry of Finance. Bill C28, Section 29 a-d clearly explains this. Other than income tax & gst that have been involunarily taken, I have made no payments or given them a written acknowlegment. I left school early in 1997. I went bankrupt in 1999 and discharged in 2006. They were not part of the bankruptsy. Is my understanding of the statute of limitations correct & what can I arm myself with in order to make the collection agency go away & remove the hit on my bureau?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 06/September/2013 at 7:54am

ANY unsecured debt that you have is part of your bankruptcy once you file.  Bill C-28 is the federal act that applies to Canada student loans. Ontario legislation applies to Ontario loans.

The Ontario government asserts that if your loan was not barred before April 2004 then they are exempt from any limitations. This is their position and what they go by. However, you would think that legislation ammendments are not retroactive. It is an argument to be made really.
 
If the trustee became aware of the Ontario loan through some other source then a statement of affairs would have been issued. This does require a very comprehensive examination to detemrine a positive or negative outcome for you.
 
I can figure it out for you if you would like but that is a client-related service and cost would depend on the overall scope of work you require.  The gov ernments and banks don;t want you armed with intelligence that would otherwise restrict them from pursuing you, you see.  The Canada and provincial student loans programs are for-profit business afterall. Especially yhe risk-shared program.
 
What other loans do you potentially owe as well? Perhaps Federal and bank-risk as well, since you were attending during those risk-shared and first generation loans program years right.
 
 
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

solvestudentdebt.com
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