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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Joined: 05/October/2004
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Post Options Post Options   Thanks (0) Thanks(0)   Quote help Quote  Post ReplyReply Direct Link To This Post Topic: Help
    Posted: 05/October/2004 at 4:58am
I have student loans that I have defaulted on (I can't afford the payments) that are sitting in three diffrent collection agencies. I have not received one piece of paperwork on any of my loans. I have finally contaced the collection agencies holding my loans to try and find out how much I owe. I am now being threatend buy all three of them. I am trying to go back to school so I can make enough money to actually pay these off and get ahead in life and I am wondering if anyone knows what will happen with the creditors if I do this. Will they still hassell me every day and can they take me to court if I am a student?

I am also wondering if anyone knows anything about a statute of limitations on Canada and Ontario Student Loans?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 05/October/2004 at 5:03am

 

 Help,

 If you want help solving this, contact me if you wish.

 The statutes for Federal Student loans are 6 years. The Ontario government claims to have no statutes of limitations in place for provincial guaranteed loans. Whether or not this is true remains a question. The Ontario government says that they "removed" themselves from any limitation period that would render a student loan (Provincial guaranteed OSL) account uncollectable.

 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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Post Options Post Options   Thanks (0) Thanks(0)   Quote dazed&confused Quote  Post ReplyReply Direct Link To This Post Posted: 05/October/2004 at 6:05am
Johnny, something you said in another post poses an interesting question.  You stated that the statutes are federally dicatated and thus Alberta could not 'choose' it's own timeline for the statute.  Wouldn't it pose the same scenario for Ontario?  If the federal law states that it is six years, then Ontario should be subject to the same deference, wouldn't you say?   
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BTW, Help, do yourself a favour. Don't go for more OSAP.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 05/October/2004 at 7:50am

 

 Hi Dazed,

 There are two different statutes here: the provincial and Federal.

 The post that you are referring to is the one where i mentioned that the province cannot dictate the statutes for federal debt. The Federal Government has their own limitation parameters. Each province has their limitation parameters. For instance, if you live in Alberta, and owe a CSL, the limitation period applies to the Federal Act (CSLA and CSLFA), and not Alberta's traditional limitation parameters.

 The Federal statutes are six years. Provincial Statutes are variable, depending on the province. Ontario is saying that they have no statutes of limitations in effect. I will always question that because of the many different stories one hears from several bodies there.

 

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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