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.


  New Posts New Posts RSS Feed - What to do?
  FAQ FAQ  Forum Search   Register Register  Login Login


Forum LockedWhat to do?

 Post Reply Post Reply
Author
subarcticnester View Drop Down
Newbie
Newbie


Joined: 30/August/2010
Points: 1
Post Options Post Options   Thanks (0) Thanks(0)   Quote subarcticnester Quote  Post ReplyReply Direct Link To This Post Topic: What to do?
    Posted: 30/August/2010 at 6:07pm
I received OSAP while living in Ontario for 3 years ending January 2000. I'm estimating my OSAP debt at approximately $30,000 based on the amounts they lent me, not taking into account whatever interest might have accrued.
 
I never made a single payment towards my loans, as I was never gainfully employed and got laid off frequently. My college education was basically useless and I've never worked in the field I studied.
 
Collection agencies have tried tracking me down a few times, unsuccessfully, with the most recent time being about 2 years ago when they called my parents house in Ontario looking for me. I've never, ever, acknowledged a collections agency either in writing or verbally, and never made any contact whatsoever with the bank(s) that issued me the loans. In fact, likely due to my moving to AB and such they haven't been able to track me down.
 
I've lived in Alberta since January 2006. I work on the oil rigs and the pay is decent but the work is seasonal and sporadic. This week, after being sent multiple letters from Revenue Canada for overdue income tax files, I went to a tax preparer and had them file my returns for the years 2005-2009.
 
The last year I filed previously was 2004, and the govt kept my refund due to student loan arrears. So, I am expecting they will again keep my approx $8000 worth of refunds for the years I filed today.
 
My questions are-
 
Since Revenue Canada now has my recent phone #, address, employment info, etc, can I expect to have to deal with collection agencies, or possibly a govt agency in the near future?
 
Since it has been over 10 years since I received my last OSAP cheque for school, are my OSL and CSL now considered Stats Barred?
 
What are my options? I'd like to clear this matter up and fix my credit, but I don't want to get suckered into a bum deal with a collection agency or go to jail.
 
 
 
 
Back to Top
Sponsored Links


Back to Top
 Post Reply Post Reply

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 12.07
Copyright ©2001-2024 Web Wiz Ltd.