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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Forum LockedBut.... I'm supposed to apply for debt reduction!

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mmandi View Drop Down
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Joined: 20/May/2009
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Post Options Post Options   Thanks (0) Thanks(0)   Quote mmandi Quote  Post ReplyReply Direct Link To This Post Topic: But.... I'm supposed to apply for debt reduction!
    Posted: 20/May/2009 at 1:25pm
I was told that as of June, I will have used up all my interest relief, and was planning on applying for debt reduction at that time.  Can I still do this and cross my fingers it'll happen before the new thing takes effect in Aug ...   or am I out of luck? 

(FYI, income = $12000 gross/yr, with about $14,000 left in SL's.  Finished school in 2003.  Can-SK integrated)

(I know that with my income/debt, my payments according to the calculator would be 0, but I wanted the possibility that some of my debt would be abolished!!!)


Thank you in advance!

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