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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nago View Drop Down
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Joined: 01/December/2004
Location: Canada
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Post Options Post Options   Thanks (0) Thanks(0)   Quote nago Quote  Post ReplyReply Direct Link To This Post Topic: consumer proposal
    Posted: 28/April/2005 at 11:46pm
Boy i need to learn alot

Is consumer proposal ok for student loans?

do i need to consolidate ?

or can i borrow it from someone and then pay off student loans and pay the person ?

Is that tax deductable for the person lending money ?

Not a clue
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kwelmm View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote kwelmm Quote  Post ReplyReply Direct Link To This Post Posted: 29/April/2005 at 12:33am

Nago,

Consumer proposals are nothing more than a disguise to bankruptcy.  The following will answer most of your questions:

http://www.moneyproblems.ca/ConsumerProposals.htm

The proposals are managed by a trustee in bankruptcy and regulated under the BIA (Bankruptcy and Insolveny Act)...that should tell you a lot!!

 

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