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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    Posted: 30/June/2012 at 7:00am
Hi,

I went to Douglas College for a year in 1994. I was pretty young <20. I never really made anything of myself since then and have had sporadic periods of employment.

I have not worked since 2007, but instead have raised my kids while my wife has worked.

A long time ago any sign of these debts dissapeared from my credit report, however whenever I have had a tax return monies have been taken by HRSDC. They still send me a notice every single month for almost two decades. Just by the monies they have taken from me they have at least had that debt paid off. It has goen way down and the climbed way back up due to interest. 18 years is a long time.

I am in a position to go bankrupt, but not having worked in the last 5 years I am almost at the point any current debts have become stats barred anyway and a bankruptcy would just sit on my report from several more years.

At no time have I talked on the phone or even put something in writing acknowledging any debt.

I am having a really hard time getting out from under this debt.

What is my best choice of action here?

Bankrupty or Stats Barred and does a Student Loan dissappear during either?
There can be only one!
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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: 03/July/2012 at 6:23am
Bankruptcy will also cause the student loan to survive any current limitations in the event that the student loan provider(s) oppose the discharge and are successful in doing so.
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 03/July/2012 at 6:30am

The bottom line here is if you gamble with bankruptcy and it is a success then the student loan is removed. If it is statute barred and you really cannot pay it then there is no reason to risk bankruptcy.

 
If you want a professional analysis and advisory service that will help you make the best of this of this you can subcribe to us. It is $230.00 tax included. 
 
We will help you ONLY if you are in hardship or other related crisis and require relief because of it.    
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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