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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panthers View Drop Down
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Joined: 05/March/2005
Location: Canada
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Post Options Post Options   Thanks (0) Thanks(0)   Quote panthers Quote  Post ReplyReply Direct Link To This Post Posted: 08/March/2005 at 12:22pm
SmileJust an update, I talked to my trustee today and they said that when the proposal is finished its done.  The creditors cannot come back and try and collect.  It may be different in the case of a student loan, but as for consumer loans thats how it works.  It is law that once they accept the proposal that is all they are going to get.  Allthough with the 10 year rule on csl's that may be different.  Hope this info helps!Confused
remember to "govern yourself accordingly " Ill tell them that when the proposal is approved!!!!
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polyhymnia61 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote polyhymnia61 Quote  Post ReplyReply Direct Link To This Post Posted: 08/March/2005 at 9:47pm

Panthers...Yeah, since I have student loans, the ten year rule is in effect. If I had finished the proposal as scheduled in November 2005, the collectors would have been on my ass again for the next five years. The Visa card would have been discharged though...

BDO suggested that I should just take out another consumer proposal! SURE! Two bankruptcies in four years!! *shakes head*

Poly

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