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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Jones74 View Drop Down
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    Posted: 13/December/2004 at 12:41pm
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farmer View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote farmer Quote  Post ReplyReply Direct Link To This Post Posted: 13/December/2004 at 1:04pm

Well, I can relate to some of your problems most definitely. You don't mention if you have any dependents, but I have a wife and 4 kids, and make quite a bit less than you do.

From what you have said, I would recommend the first step you take is put together a budget for yourself. That way you can see areas that might / could need to be adjusted. I recommend this one:

http://office.microsoft.com/en-us/templates/TC010233411033.a spx?CategoryID=CT011377171033

Then you can see where your money is going. (mind you, you do need excel for that template).

Your situation might seem desperate right now, but it could always be worse. It can be worked out.

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polyhymnia61 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote polyhymnia61 Quote  Post ReplyReply Direct Link To This Post Posted: 13/December/2004 at 1:24pm

You should talk to Johnny...I mean, you do make 50 grand a year, which is probably twice as much as anybody I know...It suggests to me that you need direction rather than more income. Money management is not a natural thing that comes with more income...it shoud be taught, like any other life skill.

First things first though...don't impose a schedule on yourself. That will only make things worse...Nothing more self-destructive than thinking, "I'm 35, I should own a house now!" Says who? Is there a rule book to life? You'll just stress yourself out and make yourself miserable when you think you don't measure up...And I know too many people who stuck stubbornly to schedules...and they don't seem any happier than me -- 43, on the poverty line, not a homeowner, between jobs...

So be kinder to yourself...and contact Johnny Leblanc (check the home page). He does crisis intervention but also education.

Wish I knew then what I know now...

Poly

Home is where you are allowed to prosper.
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