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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Stangboy View Drop Down
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Joined: 30/July/2006
Location: Canada
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    Posted: 30/July/2006 at 7:41am

My student loan has been defaulted for a year now, which i find hard to believe, since i just graduated at the end of April. They said they didn't recieve my confirmation of enrolment for my one semester, but by the time i found out that it hadn't been recieved my semester was over, so i had to wait till the next one started, which was four months, before i could get another one made up, then when i sent it in they said it wasn't any good. so is there anything I can do to get this mess cleared up without paying them money i don't owe?

 

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