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 LockedBankruptcy....what's the real deal?

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gracie View Drop Down
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    Posted: 23/November/2008 at 5:55pm
Well, I just found this site thanks to a friend....I'm trying to find out what options I have if any. And what's the real deal with bankruptcy? How many years do we need to wait before applying?

Here's my story! I have 100,000 dollars of student loans, and have no way on earth to pay them off. I graduated from my Master's degree in May 2007, and I just started teaching, but can barely make enough to live on.

Love to hear some feedbackSmile


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ClaudiaPipkens View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote ClaudiaPipkens Quote  Post ReplyReply Direct Link To This Post Posted: 01/May/2009 at 10:38pm
Go to the bank and talk to them. They may be able to find a way to help.
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