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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owe2much View Drop Down
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Joined: 19/October/2004
Location: Canada
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Post Options Post Options   Thanks (0) Thanks(0)   Quote owe2much Quote  Post ReplyReply Direct Link To This Post Topic: bankruptcy with a spouse
    Posted: 01/August/2005 at 7:54am
Me and my wife graduated from University in 1999.  We have gone through interest relief.  We have also both received debt reduction of $10,000 each.  I owe around $40,000 and my wife owes the same.(total around $80,000)  I work and she stays home with our 4 kids.  I currently make $40,000/year and cannot afford to make payments on my student loan.  They are getting ready to put me in collections.  We currently own a house together with about $30,000 in equity.  I have a job offer in another part of the country and if I put 80hours of work in a week I could possibly make around $100,000/year.  I plan on selling my house and putting $10,000 from the house on my student loans and then start making regular payments.  The other $20,000 will go on a line of credit and personal loan.  Am I responsible to pay back my wifes student loans?  if they change the bankruptcy act will she be able to go bankrupt in the spring of 2006(7 years after graduation)  What effect will this have on me?  What about the equity in our house that we plan on selling in the next month or so? does that have an effect on her?
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