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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damd View Drop Down
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Joined: 14/December/2007
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Post Options Post Options   Thanks (0) Thanks(0)   Quote damd Quote  Post ReplyReply Direct Link To This Post Topic: credit from collector?
    Posted: 14/December/2007 at 4:03pm
Curious of why NCO finacial has credited me my monthly payment back to me. I have paid them monthly (as I try and work out my finacial situation) for over 1.5 years and they have credited me my latest monthly payment. My loan is definately not paid off. 
Recently (two months ago) recieved a letter from some lawyer out of Surey BC on behalf of NCO threatening legal action - I am in Ab and have never deffered on a monthly payment.
 
Any ideas from anyone out there?
Regards
 
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