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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Reaper View Drop Down
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Joined: 11/October/2013
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    Posted: 11/October/2013 at 6:36am
Way back when Ontario Business College was still in existence I decided to go in for law & security administration. So I got a student loan went to classes for about 2 months and then started looking into the schools claims about their course recognition in regards to employment. Low and behold no one recognized their courses as legitimate. So I promptly went to the school administration and gave them the letters from various employers stating they did not recognize their credits and demanded they refund the student loan to the lender. The local school director agreed to this and I went along my merry way, now some 20 yr's later I am being contacted by collections in regards to the loan. I stated to them I do not owe any student loans that the school was to refund the student loan. They are saying too bad you owe the money now pay. Beyond this I have been reading here on the site about stats barred loans... would this loan qualify as a stats barred loan as I have never made any payments on the loan or recognized the loan? Any help would be appreciated. 

Thank You.
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Joined: 05/November/2003
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 11/October/2013 at 4:59pm
It could be barred, yes.  If so, it has to be handled very carefully because you don't know for sure.  No one here can say that your loan is barred unfortunately.  We do these limitation exams and analysis and it is a service to consumers and students.
 
 
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