01-26-2013 09:21 AM
Canadian taxpayers could be on the hook for $700 million for the loss of almost 600,000 student loan files, found during a search for another 5,000 missing personal files first reported by The Free Press.
Taxpayers will pick up the tab for credit and identity theft protection service to as many as 583,000 Canada Student Loans Program participants whose personal information was contained in a missing hard drive.
“What a Keystone Cops performance,” Gregory Thomas of the Canadian Taxpayers Federation said Friday. “It’s unbelievable they’d put information for 583,000 people on an (external) hard drive.”
Thomas did credit the federal government for offering to pay for security for the nearly 600,000 people affected by the one information security gaffe, as did the Canadian Association of Student Associations.
But students are worried about the long-term effect of the loss, said national director Zachary Dayler
“What we are most concerned about in the long run is the implications this unexpected expenditure could have on federal financial assistance for students,” he said.
The missing drive, from the Human Resources and Skills Development Canada (HRSDC) office in Gatineau, Que., contained names, birth dates, social insurance numbers, addresses and loan balances of people who got federal student loans between 2000 and 2006.
So, the feds have contracted credit bureau Equifax to protect affected students for up to six years.
“While there is no evidence that information has been fraudulently accessed or used, I want to reassure Canadians that we are serious about protecting their personal information,” Human Resources Minister Diane Finley said in a statement. “That is why we will provide potentially affected individuals with credit protection at no cost, which will flag their credit files and help detect any potential compromise of their personal information.”
HRSDC officials say the contract with Equifax is sensitive commercial information, so they’ve refused to make public what it’s worth.
Credit protection service doesn’t come cheaply, though. An individual signing up with Equifax for the protection would pay almost $17 a month.
If that were extended to everyone potentially affected by the data loss, the cost over six years would top $711 million dollars.
Student loan applications can carry a lot of financial information, including that of parents, said Zack Dodge, president of the Fanshawe Student Union in London.
“The applications are pretty comprehensive documents.”
Coming of age in the Internet world, students today trust online sites to protect information, especially government sites, he said.
“You are under the impression these are secure sites.”
01-26-2013 09:23 AM
The taxpayers deserve to know how many people get fired over this screw up.
Oh! None, you say. Go figure.
Unless of course they need a sacrificial lamb to protect a politician.
01-26-2013 10:34 AM
I don’t know why we always have to ‘fire’ someone. Every situation has different circumstances.
It is however obvious with this incident and others in the past, that information like should be under more security protocol.
One day they may lose something vital, like Harper’s prewritten speeches and the whole government will fall.
01-26-2013 11:38 AM
price must have gone up since the government is paying! I (or should I say my wife) had our information "lost" by her union. Now this was about 10 years ago and all we had to do is called the credit service and they put an "alert" on your file-at NO cost, so that if someone tries to buy a large item or get any credit what so ever the alert is triggered and a request is placed so the person then must provide current ID (including a photo ID) before anything can be processed.
On the other hand I would like to know why we have this information in the first place. We should not have 583,000 outstanding loans from 2000-2006 , If we do then someone is not doing a good job collecting a debt. Once that debt is paid that information should be destroyed
01-26-2013 11:58 AM
I believe the term was Loan Balances not Outstanding Loans.
Never had a Student Loan but when i went for my Grad Degree my friends loans were processed through the bank of their choice.
Seems at one time too many students were defaulting on loans & declaring bankruptcy. That is why the government had the loans processed through banks.
Not sure if that is the same way today.
01-26-2013 12:21 PM
I don’t know why we always have to ‘fire’ someone.
Someone is responsible for this. It is not a minor indiscretion. It is a serious breach of trust. In the real world (outside the world of government), this would not be taken lightly.
like Harper’s prewritten speeches
Name me one politician the does not use pre-written speeches. If they don't, it leads to some of the "oops" moments that lost the election for Romney. Do you think your hero Obama's inauguration speech was ad-libbed or off the cuff? No way, it was carefully crafted by several professional speech writers (already on Obama's staff). Every speech that Obama gives is pre-written.
It is also why they frequently walk away from the podium after the speech - without taking questions.
01-26-2013 12:22 PM
believe the term was Loan Balances not Outstanding Loans
if you have a balance then it is outstanding!
BUT if as you suggest it is all processed through a bank then it is no longer in the hands of the government and they have no business with any of this information.
and again 13 years to pay of any loan is not acceptable. A "standard" loan (eg a car) is 5 years-maybe 6 and that is at high interest. I think 2 many people are taking advantage of a "low" interest student loan and using that money for "other" means.
01-26-2013 12:27 PM
Again, i'm not sure if it still woks that way today.
Way back i believe your were allowed twenty thousand a year, so a Masters Degree would set you back a hundred & twenty thousand.
01-26-2013 01:04 PM
Again, i'm not sure if it still woks that way today.
Way back i believe your were allowed twenty thousand a year, so a Masters Degree would set you back a hundred & twenty thousand.
only IF you were lazy and did not bother finding any employment for the summer or part-time while going to school!
seems weird that welfare (back in 2000 when these were taken) were being paid about $13,000 a year to survive but a student capable of working part-time and 3-4 months in the summer needed $20,000 (tuition back then was about $3,000 a year)
Again i guess it was "free" money why not take it.
I have a family friend whose son is about to graduate this year from college (tuition is about 2/3rds but costs other than that are the same) and because he saved for his schooling and worked during school and in the summer will graduate (with honurs-so work does not hurt the marks) with a student loan of just under $10,000 for 2 years. He also has enough saved that he and some classmates are going to Aruba for 2 weeks to celebrate.
So based on your masters (6 years )this student could graduate with about $30K in debt--no need for $120K
and again you buy a 30K car you get 5 years to pay it off not 13(or at least 7 if they started in 2000-should have been graduated in 2006 and paying it back)
sorry just my opinion
01-26-2013 01:15 PM
13 years to pay of any loan is not acceptable.
Years ago, that might have been a reasonable statement.
In today's poor economy, many university grads are having trouble finding employment in their chosen field. My son graduated from Western. He worked at Tim's and paid all his fees upfront, so no student loans. On graduating, he continued at Tim's while hunting for a better job. He has had no luck in finding employment, other than minimum wage jobs. Along with degrees, mployers want related experience. Hard to come by. He even offered to work part time at minimum wage to get some related experience. Still no luck.
Kind of hard to pay off a student loan on McDonald's or Timmie's wages.
01-26-2013 01:24 PM
Again i guess it was "free" money why not take it.
Many students are not in tough with reality when it comes to money.
The concept of paying back is, theoretically, quite simple. However, in real life, it ain't that easy. Most have never had the experience and their parents don't help.
Not hard to rack up big bills when you go across country to get your degree. Sahre rent on a house instead of staying in residence. Fly home three or four times a year because you miss Mommy and Daddy. Not hard to rack up $20,000.
My son has always had a head for money (maybe because dad was a cheapskate). He was taught that nothing is free in this world. Want something - work for it. He went to local Univ. and lived at home. He took the bus (bus pass included in fees). On weekends, when his classmates were on Richmond (or Fleming Drive) partying, he was working or studying. He found a group of friends with similar goals to his own, so he had a social life.
So, it all depends on your priorities. I have friends who got their education at U.S. universities. They did not have the luxury of student loans. The parents footed the bill.
01-26-2013 02:14 PM
So, it all depends on your priorities.
it all come down to this very important word!!
lets see beer pong friday night with the boys or work 4 hours and pay for my food for the week?
tooo many of todays youth have things handed to them rather than to have to work for it.
Even at "tim's" for the summer 40 hours @ $10 an hour is $400 a week. Living at home (where students should be in the summer) is rent free (or again should be) and at least 8 weeks off in the summer should have no problem putting at least $2500 away for the following year. Even during school there is NO reason you cannot find at least 5 hours a week or about $50 a week towards your expenses.so between the 2 thats some $5000 a year without even trying.
And I guess it all depends on what you want your degree in? You go get a bachelors degree in art and yes you are going to find it hard to get a job.
That friend I spoke of does not graduate until april/may and has already been offered at least 4 jobs in his field. Not high paying jobs but a starting salary of about $49k and his student loan of like I said about $10K will cost him $175 a month for 5 years.
so yes depends on priorities in life!
01-26-2013 03:03 PM
Someone is responsible for this. It is not a minor indiscretion. It is a serious breach of trust. In the real world (outside the world of government), this would not be taken lightly.
It all depends on circumstances. As an example: If a worker took information home with him and in the process his or her ‘locked’ car was broken into and the briefcase and contents stolen then it’s not the person’s fault. If the same person was taking the information home and stopped at a bar and left their coat and briefcase in an unsecured check room and the briefcase was stolen…..then it would be their fault for not taking due care of the external drive in the briefcase. Then in another incidence if there is a rule you cannot take information home to work on and someone did and their car was broken into…then they would be at fault because they broke the security rule in place.
All….situations have their own circumstances.
Name me one politician the does not use pre-written speeches.
Lots do….many do…..most do. I only mentioned Harper because he has everything ‘scripted’, even interviews. It has been well reported in the past that even those interviews are controlled. Many other politicians are much more open and a lot less secretive. Long ago when Harper was first starting out he said a lot and what he said has come back to haunt him and much of what he said then….he is trying to enforce now. So the man hasn’t changed his stripes at all. However when he got elected at the CON leader he changed and became much less open. I’ve often wondered if that was his decision of that of one of his handlers.
As for student loans I don’t know much about them. I don’t have a friend who has a son who I could discuss it with. The only thing I know about student loans is a kid I met about 15 or so years ago. He got a student loan, but his parents were actually paying for University. However he did look cool on campus in his…….Corvette.
I think the ‘assumptions’ that all young people go out and play beer pong, or even drink is far fetched.
Even at "tim's" for the summer 40 hours @ $10 an hour is $400 a week.
If you're talking about after graduation then that’s before taxes of course and the cost of getting there and the cost of a health plan which some Timmy’s have. Also there is also….if you can get a job at a Timmy’s. I know two people who work at two different locations and one is the wife of one of my employees. Both say that Tim owners are not interested in students with degrees etc because they don’t stay. They would rather find someone who will stay with the franchise for years.
Living at home (where students should be in the summer) is rent free (or again should be) and at least 8 weeks off in the summer should have no problem putting at least $2500 away for the following year.
Why should a student live at home in the summer? Hard to believe that some parents feel that way. A student should be exploring the world (hopefully working at the same time) and experiencing new people and new surroundings. I find this opens their minds at a critical point in their lives….one that may not happen again. I also find that people who travel and experience the world and other people are also less likely to become bigots.
As for staying at home rent free……well that’s just another way of instilling entitlement into young people. If you work….you pay for room and board. It’s a good lesson in life.
Of course there are always those countries such as France, Argentina, Brazil, Denmark (that welfare State), Finland, Germany, Greece, Italy, Morocco, Saudi Arabia, Scotland, Spain, Sri Lanka and others where post secondary education is ……..Free.
01-26-2013 09:55 PM
If a worker took information home with him
Confidential information like this should not be "taken home". The potential for theft or loss is always there.
I only mentioned Harper because he has everything ‘scripted’,
Interesting. Are you aware that Obama is asked questions by reporters after some of his news conferences. The reporters are chosen in advance and the questions are known in advance. Safer that way. (they discussed this with a former press secretary on CNN)
I think the ‘assumptions’ that all young people go out and play beer pong, or even drink is far fetched.
Been to Richmond Row on Friday and Saturday night. It is a zoo. Most non-students stay away. You see long lineups of young people at every bar - waiting to get in. My friend Art lives just off Fleming Drive. His house backs onto Cheapside, two houses from a side street. The cops have the side street blocked off at Cheapside. So, Art would spend his entire night in his back yard - stopping the young people who were trying to climb his fence to bypass the roadblocks.
As for staying at home rent free……well that’s just another way of instilling entitlement into young people. If you work….you pay for room and board. It’s a good lesson in life.
Yes, a life lesson. My son paid for his tuition. Our agreement was that it was rent free until he graduated. As soon as he graduated and was working - the rent kicked in. He chose to work and go to school. He wanted his degree and he worked hard for it. If he wants to explore the world, he can do so.
Of course there are always those countries such as France, Argentina, Brazil, Denmark (that welfare State), Finland, Germany, Greece, Italy, Morocco, Saudi Arabia, Scotland, Spain, Sri Lanka and others where post secondary education is ……..Free.
Yessiree! And we can see where it got them. Italy, Greece, Spain: all doing great economically? Scotland is tied to Britain's economy which is not great. Saudi Arabia, where they have money to burn. At least in Ontario, we have all-day kindergarten. Porbably the only thing McGuilty did right. Oh, and that other guy, Hudack, wants to end it.
01-26-2013 10:02 PM
Both say that Tim owners are not interested in students with degrees etc because they don’t stay
My son's boss and the owner of his Timmies love him. He works between 40 and 48 hours a week. He never turns down overtime. He is trusted with the keys, payroll and the money. He loves his job (a people person). He has no health care benefits. He does get lots of bonuses and other perks because his employers value him.
His employers know that someday he will move on. But hey, might as well have a great employee while you can - they don't grow on trees.
No transportation - he lives two blocks from Timmies. He lives in an apartment that he shares with a friend so expenses are fairly low.
In spite of his low wages, he manages to build up his bank account.
01-26-2013 10:26 PM
Confidential information like this should not be "taken home".
A lot of people do because there is not enough time during the day to get work done and we now live in a world of technology and increasingly more work is being done at home. I know several people in professions where they would have sensitive information and many of them …..work from home.
Are you aware that Obama is asked questions by reporters after some of his news conferences. The reporters are chosen in advance and the questions are known in advance.
Probably he does but he is far more open than Harper. Obama will face questions from the press….unscripted. Harper will do a few press scrums but the press has complained of his handlers making sure the wrong questions are not asked and many reporters are not allowed in the scrums. If you don’t know that then you are behind on information.
Been to Richmond Row on Friday and Saturday night……..etc etc
Been there many times. Have you been to the UWO library on a Friday or Saturday night? I have. It’s loaded with students studying and taking life seriously for their future. To talk about student loans and then the only example that can be brought up are students and beer pong is the sign of a one-way street mind.
Italy, Greece, Spain: all doing great economically? Scotland is tied to Britain's economy which is not great.
Their economy has nothing to do with post secondary education costs. You really have to look past the table full of childrens sports cards and read up on the rest of the world and the information pertaining to it.
My son's boss and the owner of his Timmies love him
No doubt they do. How old is your son?