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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loan harrassed View Drop Down
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    Posted: 13/March/2013 at 7:34am
New to the site and seeking answer. I have a CSL1 and have just received a letter from Department of Justice for recovery. My income tax is being withheld. The interest is more than the principal. I have not acknowledged this loan in well over 10 years. I am in the province of Nova Scotia (in case this makes a difference). What should I do or not do. I am thinking that the statute of limitations has been reached so I don't want to do anything without advice. I receive GST credits, and am employed (CRA called already) but I have a case for hardship. Any suggestions?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 16/March/2013 at 6:18am
If you are receiving material or calls from the justice department than that is an indicator of an action pending or being scheduled. If the loan is a debt owed to the Nova Scotia government then you need to know that there are no limitations that bind the province from taking action or recovering the money.
 
If it is Justice Canada then there are limitations in respect of a guaranteed Canada student loan or federal direct.
 
There is no way to determine if you have a case for removal or reduction due to hardship without a VERY comprehensive examination. Each case has it's own set of unique circumstances, and the governments scrutinize heavily in cases that are not prepared properly.
 
If you want help we are here, but there are fees.
 
Johnny
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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