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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danny View Drop Down
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    Posted: 25/August/2004 at 6:22pm
does the six+ years include any time that you have been on ir ?

Johnny save me!!!!!!!!!!!!!
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danny View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote danny Quote  Post ReplyReply Direct Link To This Post Posted: 06/November/2004 at 8:25pm
im still asking if interest relief counts towards the 6 no acknowledgement ?

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momof2 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote momof2 Quote  Post ReplyReply Direct Link To This Post Posted: 07/November/2004 at 2:29am
i believe interest relief is considered acknowledgement so it would likely be 6 years after your last period of IR expires...remember, filling out forms for IR and signing them is an acknowledgement of the loan so...otherwise people who max out the five years of IR would be untouchable since they can't initiate a judgement against you that last year...
professionals built the titanic but amateurs built the ark...
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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: 07/November/2004 at 4:27am

 

 If you are applying for IR, you are acknowledging your debt. The six year stuatutes apply to loans in default. While they are current, the statutes are a non-issue.

 

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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danny View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote danny Quote  Post ReplyReply Direct Link To This Post Posted: 15/November/2004 at 11:03pm
thanks

on to step too: getting a job

then 3 apply for bankruptcy

4 bankruptcy refused

5 leave country(guess i better learn some languages
Johnny save me!!!!!!!!!!!!!
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