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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whydidibother View Drop Down
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Joined: 26/January/2004
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    Posted: 08/June/2004 at 4:50am

Talked to RBC today and they know of the new changes but have not received the "operating guidelines"(their words, not mine)so the new changes in the 2003 budget have not been put into practice as of yet and the person I talked to didn't know when the changes would come into being.

Great! It isn't a surprise.  I think I may finally meet the income criteria, but I still don't think I'll qualify as my CSL isn't in good standing. (which apparently it has to be, though my prov. loan is up to date) If I was able to keep up with the payments, why would I need this program?

I'm behind for  a reason and I don't see any way of playing catchup with the insane interest being tacked on daily. Sorry this is so long, but I am so frustrated......I'm trying to do the right thing(as I said I'm managing to keep my NS loan up to date and can only pay a little on my CSL) and it seems it doesn't matter anyways so am tempted to just say frig it and put all the money from both student loans payments on a bill that doesn't have the interest and the hassle associated with it.

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