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 LockedLiens/income assistance....help

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worried View Drop Down
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Joined: 22/January/2004
Location: Canada
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    Posted: 28/May/2004 at 3:59am

I've had a creditor call me again, I don't know why I end up with the a**holes of the collections agencies, they always leave me feeling like a worthless piece of crap.

I'm on income assistance, as I've said in a previous post, have 3 children in school, and a disabled bf.

I have a mortgage for 16,000 and owe a student loan debt of about 8,000. I was told by the agency that the Royal Bank could put a lien against my home and sell it for the cost of the student loan. Is this possible??? I was lucky and got this mortgage even with bad credit because the bank really wanted to get rid of this place.

The mortgage is in both our names my bf and I. I'm scared...no terrified...I don't want to lose my home!!! I wish they would just take the property I owe taxes on....I'm going to lose it anyways. Someone help me!!!! I just want things to be ok...to know I can get through this with some hope?

Worried

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