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: 29/March/2008
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    Posted: 29/March/2008 at 9:28am
I graduated in April of 2006 and have been on interest relief ever since.  I recently re-applied and they sent me notice saying I have to submit proof of income after I had applied. They did not tell me I had to do so and I have never had to do so in the past.  My monthly income is $2000 after taxes so I am above the limit, however I live in Vancouver and pay $750 for rent alone.  My monthly bills add up to about $1300 plus my visa payments which leaves my very little money for living.  Does nslsc care about any of this or is it too bad for me? Am I eligible for debt reduction or do I have to be in interest relief for 5 years? I can't afford my loan payments of $250 a month and I am going to be rejected for interest relief so I am not sure what to do.  Any advice?
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