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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JustBeFair View Drop Down
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    Posted: 27/June/2013 at 2:53pm
So my story is long but here is the short version... After having a document from the Canada Student Loan Program admitting an administrative error and requesting a Ministerial Review I received the outcome of a letter telling me the Canada Student Loan Program made a mistake about admitting a mistake... AHHH!!! 

But on a good note I have decided I will stop beating a dead horse.  After 9 years of trying to get the NSLC to admit an error, which I have much proof of, I am going the rehabilitation route. 

With some amazing staff at the CRA, yup you're reading that right, I am now 100.00 away from meeting the requirements for rehabilitation.  

Here is my question... In 2008 I qualified for RAP.  I couldnt get it because I did not have the money to pay the outstanding interest.  

I make the same amount of money and my life has changed only from being common law to being a single mom.  I am confident I will qualify based on this.

Anyway, how do the payments work exactly?

My last date of study was April 30, 2004.  I owe approximately 23000 with my integrated student loan and dedicated student loan.. What should I expect for a monthly payment?
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SolveStudentDebt View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 28/June/2013 at 3:17am
CRA can give you the amortization detail and amount. You have to ask them.
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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tkarmy View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote tkarmy Quote  Post ReplyReply Direct Link To This Post Posted: 28/June/2013 at 7:32am
Typically they give you ten years from last date of study to repay the loan but are now extending that to 15 years. So given your last date of study if you get the extension to 15 years that would give you approx 6 years to pay it off... your payments would be Approx 320 plus any interest... with your amount approx 100-120 per month... so I'd say 420-460 per month
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