Repayment Assisstance Plan (RAP) Issues

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debt reduce/forgiveness

Printed From: CanadaStudentDebt.ca
Category: Government Program Problems
Forum Name: Repayment Assisstance Plan (RAP) Issues
Forum Description: Rules, regulations and problems (Formerly Interest Relief and Debt Reduction)
URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=2041
Printed Date: 26/March/2026 at 10:30pm
Software Version: Web Wiz Forums 12.07 - https://www.webwizforums.com

Topic: debt reduce/forgiveness

Posted By: nago
Subject: debt reduce/forgiveness
Date Posted: 11/January/2005 at 6:24pm

My ir just ran out so were do i apply for debt reduce: bc and federal

how bout forgiveness ?

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Replies:

Posted By: momof2
Date Posted: 12/January/2005 at 5:31am

http://www.aved.gov.bc.ca/studentservices/student/finish/debt_red/fed_debt.htm - www.aved.gov.bc.ca/studentservices/student/finish/debt_red/f ed_debt.htm

should have all the info you need to get started

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professionals built the titanic but amateurs built the ark...

Posted By: nago
Date Posted: 15/January/2005 at 5:12pm

well, you need to have a full time job to qualify

These programs are quite useless ---i have a criminal record so no one will hire me and i cant get my debt lowered so i can have lower payments

whats the point in disqualifying very very poor people like me ?

I dont plan on bankruptcy ---im pretty sure single people wont have their loans discharge, even after ten years.

Stupid country---no jobs, criminal record so im not allowed to work, and i dont qualify for any programs to make my payments more reasonable

can anyone explain to me how you pay a 25, 000 dollar student loans making minimum wage or less ?

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Posted By: kwelmm
Date Posted: 15/January/2005 at 6:07pm

Nago...I don't think you need a full time job to qualify....

*from momof2's link*

Eligibility Criteria

The borrower must have exhausted all available interest relief.
The borrower must have a repayment period of at least 15 years.
60 months (five years) must have passed since the borrower's most recent Period of Study End Date (PESD).
The borrower's loan must be in good standing.
The borrower must demonstrate that he/she has an income stream to support the post-reduction payment (ability to pay will be based on family income).

Your income has to be able to support the reduced payments...for some that may mean a part time job.

You pay like the rest of us...when things take a turn in the right direction--for some of us it has been years!!!

You could always try selling the 400 pound gorilla if Johnny gives you one