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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Dr.Debt View Drop Down
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    Posted: 06/October/2009 at 8:49am
Quick question..my student loans are at 10 years, which I haven't been able to re-pay. I just started school yet again with grants as a full-time student. If I did declare bankruptcy, will those past student loans be taken off? Thanks!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 06/October/2009 at 1:48pm
Starting school again has restarted the clock on all the loans
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Mark OMeara
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Dr.Debt View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr.Debt Quote  Post ReplyReply Direct Link To This Post Posted: 06/October/2009 at 3:13pm
Even in a "statue of limitations" situation?
"Teaching should be such that what is offered is perceived as a valuable gift and not as a hard duty." -- Albert Einstein
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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 06/October/2009 at 3:27pm

You asked if the loans would be cleared in a bankruptcy.... and the answer was given regarding bankruptcy.   Statute of limitations is a different question.  Bankruptcy doesnt deal with Statute of limitations issues... and besides, if you included the loans in bankruptcy, your creditors would be sent notice of your declared debts. Wouldnt that constitute acknowledgement of the debt and remove the limitations?

Are your loans in default?  When did you make your last payment?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Iknowalotofstuff Quote  Post ReplyReply Direct Link To This Post Posted: 04/January/2010 at 3:51pm
Who is providing the grants?

You now only have to be out of school for 7 not 10 years as of July 7, 2008 have your SL included in a bankruptcy.

What are you taking with respect to the grants? Who is providing the grants?   What field of study were you in with respect to student loans?




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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr.Debt Quote  Post ReplyReply Direct Link To This Post Posted: 29/January/2010 at 9:25am

Hello, to answer the questions above, I started in the "private" health care sector for school, graduated in 99, havent been in contact or made a payment since 2001, now Ive started in the "public" health care sector for school as of Sep.2010, funded by the Ministry of Training for Colleges and Universities. Hope that helps..thanks for any information.

"Teaching should be such that what is offered is perceived as a valuable gift and not as a hard duty." -- Albert Einstein
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 30/January/2010 at 9:49am

Take into consideration that legislation is subject to interpretation. The BIA states that you can aplply to have the loans discharged after 7 years from the date you ceased to be a full or part-time student. Your income and financial responsibilities are significant factors also. 

HAve you ever been bankrupt before?  
Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

solvestudentdebt.com
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