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.


  New Posts New Posts RSS Feed - Rehabilitation of SL - Mental Health
  FAQ FAQ  Forum Search   Register Register  Login Login


Forum LockedRehabilitation of SL - Mental Health

 Post Reply Post Reply
Author
ANSAR View Drop Down
Newbie
Newbie


Joined: 25/June/2012
Points: 2
Post Options Post Options   Thanks (0) Thanks(0)   Quote ANSAR Quote  Post ReplyReply Direct Link To This Post Topic: Rehabilitation of SL - Mental Health
    Posted: 25/June/2012 at 6:01am
Hello
This is my first post, I would appreciate any help to guide me rehabilitate my student loan.

I have $29K student loan that has gone to CRA not to collection agency yet.  I called them to rehabilitate my loan as I am enrolling into full time program in Ontario province.  I am told the standard terms to pay the interest and two payments to rehabilitate loan along with any outstanding on the provincial side as per the other post on this forum.

My situation is that, I developed mental health issues during my 3rd year in University and was expelled due to low grades.  I have gone through very tough periods because of my health and through my family help I traveled out of Canada for treatment and stable, that is why I want to pursue education and have enrolled in full time program.  I am diagnosed with Schizophrenia and taking medications.  Due to my absence from the country for over 3 years I was unable to avail the payment plan offered by Student Loan Services and my loan was returned to CRA.  My family is providing me accommodation and food and are willing to support me to complete my college courses but are not in a position to pay my fees.

I have spoken to CRA and they have send me forms to submit review my request to remove the loan from active recovery along with forms Third Party Substantiation of No Income, financial questionnaire.

I want to rehabilitate my loan and try to raise the amount for the two installments, but I would not be able to pay the interest.  In view of my mental health, is there any provision for me to obtain leave from interest and rehabilitate my loan.

Any advise in this regard would greatly be appreciated.
Back to Top
Sponsored Links


Back to Top
 Post Reply Post Reply

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 12.07
Copyright ©2001-2024 Web Wiz Ltd.