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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Forum LockedDebt Reduction question

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kasha View Drop Down
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    Posted: 09/October/2006 at 8:50am
Hi everyone,
I have received my debt reduction form and need to send back a year's worth of proof of income. Does anyone know what the latest criteria is? There are income tables posted here but it seems to change so much within a short amount of time.

The reason I ask is because I'd like to have the option of going back to school but if I get any debt reduction I have to pay off the first loan before I'd qualify for any more loans. I'd like to know what amount I'd be getting reduced so I can figure out whether I can pay it all off before going back to school.

Does anyone know whether I'd have to make payments while I was going to school on previous loans when I've used up all my interest relief? My other option is to go back to school now and see if I'd qualify for debt reduction at the end of it all.

Going into more debt isn't great but I feel like I've figured out what I want to do when I proverbially grow up and going to grad school is a must for that to happen.

Thanks in advance for any insight.
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nago View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote nago Quote  Post ReplyReply Direct Link To This Post Posted: 31/October/2006 at 7:00pm
everything and anything: cheque stubs, notice of assessment

If you havent worked then a third party letter, a letter from yourself detailing your probs, a letter for each month explaining the problem

best thing is to just phone them and ask them exactly what they want from you
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