Canada Student Loans Program From 2001-2003
Printed From: CanadaStudentDebt.ca
Category: Immediate Attention and Info!
Forum Name: Collection of Old - Stats Barred - Loans
Forum Description: Post questions about old loans and Statute of Limitations Issues
URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=6961
Printed Date: 27/March/2026 at 12:33am
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Topic: Canada Student Loans Program From 2001-2003
Posted By: buffalosoldier
Subject: Canada Student Loans Program From 2001-2003
Date Posted: 15/October/2014 at 4:40pm
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After calling and speaking with them, I got a letter from Canada Student Loans Program, and I am now even more confused. It says that my loans were forwarded for government collection in April 2003, and removed from active recovery in November 2009, and the federal government discontinued collection of these accounts. It then goes on to talk about how I am ineligible for further student loans and that in order to qualify I would need to pay off the loans in full or sign up for the loan rehabilitation program. It also included a detailed statement of account, dating back to 2004. The current balance(s) are $6,118.85 and $10,264.53. I have an item in collection with Total Recovery Recovery Limited in the amount $2,621.02 for student loan default. What does this stem from? Could it be from the provincial portion? Do provincial loans go to collection (I was told they dont) ? Would the provincial portion still be under active recovery after that many years? Why does the federal part not appear on my credit? Are they withholding my tax returns?
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Replies:
Posted By: SolveStudentDebt
Date Posted: 16/October/2014 at 5:33am
The Total Credit Recovery issue would be your Ontario guaranteed loan (OSL).
If you want to take out more student loans you have to agree to pay out all od what you owe from prior loans. If you have outstanding loans, barred or not, they requirement to pay is there if you want to qualify for additional funding.
If you are not careful here you will disrupt any limitations that protect you currently.
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Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.
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Posted By: buffalosoldier
Date Posted: 16/October/2014 at 7:29am
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So, if I don't plan on taking out any student loans, I don't really have to pay them? Especially since they don't report to the credit bureau...
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