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 Lockedinterest relief is a lie

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torontoboy26 View Drop Down
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Joined: 15/April/2004
Location: Canada
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Post Options Post Options   Thanks (0) Thanks(0)   Quote torontoboy26 Quote  Post ReplyReply Direct Link To This Post Topic: interest relief is a lie
    Posted: 19/April/2004 at 7:54pm

dont fool yourself and dont apply for it and dont sign any papers for it....

interest relief is a lie,,, its another trap so they can know where u work and how much you make... basically, you are handing over your private information so that they can nail u later... i received the papers and I was so scared that I sent the government (and thank god not a collection agency) my annual yearly income in a letter.  Now I appreciate that I didnt receive my pay stubs 2 months after I requested them from work..

I dont want to send the government anything, they just end up handing our private information over to philthy collection agencies that psychologically harass young people with debt,  I still dont know how its possible that sexual harassment is against that law but how psychological harassment and torment causing is allowed.

Think of the government with money signs in their eyes.  They will sell out the new generation of young people trying to get an education.

Interest relief is a lie.  They want you to sign payment statements first, then they will tell u if they decide that you are accepted./  So, I just sent them all the papers but with no signatures.  I filled out as much as I could.  I thought of signing my name as Donald Duck but I figured id be a nice guy for the moment. 

Just dont buy into the interest relief lie.  Buyer beware.

 

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danny View Drop Down
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Joined: 12/January/2004
Location: United Kingdom
Points: 176
Post Options Post Options   Thanks (0) Thanks(0)   Quote danny Quote  Post ReplyReply Direct Link To This Post Posted: 04/May/2004 at 2:54pm
well i guess im lucky i have zero income and no job for the last 3 months last year i made 1520 bucks total because i had criminal record(my record is clear now lol)
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