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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Post Options Post Options   Thanks (0) Thanks(0)   Quote nago Quote  Post ReplyReply Direct Link To This Post Topic: provincial debt reduction
    Posted: 11/March/2005 at 9:03am
My ir ran out in december and i just found out that i can apply for federal and provincial debt reduction

I finally after over a month I got the forms for federal debt reduction and sent em in yesterday

today i got a call from bobby joe and then i was told to phone 1-877-535-7680 for loan forgiveness. They said i dont qualify so i asked them what other programs are there ?

they told me to phone 660-2610 for Bc provinical debt reduction.

Problem is i cannot be behind payments for over 3 months. Yet i didnt even get the forms for 4 months.

How can anyone qualify for debt reduction if they dont get the forms to apply or arent told of existing programs ? and why dont they just automatically apply debt reduction when your ir runs out ?


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momof2 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote momof2 Quote  Post ReplyReply Direct Link To This Post Posted: 11/March/2005 at 12:08pm

nago

the way it was explained to me ( and remember, i am in ontario so things are different here), loan forgiveness is automatically calculated upon graduation.  debt reduction you have to apply for after you exhaust yout 54 months of interest relief.

given that it took them so bloody long to get the forms to you, you should be able to apply retroactively and have the application considered despite being in arrears.  write a letter outlining the situation and see where you can get.  i can offer assistance with the writing if you wish.  alternately, maybe john can offer some line of action to follow here.

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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: 11/March/2005 at 12:44pm
k, ty

im just glad i got the forms

still, i had another problem with explaining my income (zero income this year). when i asked for an assessment it came back blank. They dont have a record of anything for me. I sent it in though
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