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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

 




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