Repayment Assisstance Plan (RAP) Issues - What next after Interest Relief?

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What next after Interest Relief?

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=3620
Printed Date: 27/March/2026 at 2:02am
Software Version: Web Wiz Forums 12.07 - https://www.webwizforums.com

Topic: What next after Interest Relief?

Posted By: little_J
Subject: What next after Interest Relief?
Date Posted: 19/July/2006 at 6:59am

Hello everyone.

I am new here, and stumbled across this site while searching frantically over the net for information on how i can make my student loan "disappear". I need some help and advice on what to do next after my interest relief runs out. I took a 2 year college course 2000-2001 and currently owe roughly 15,000. I have been on interest relief since and have not been able to make any payments at all. Well...now i am told my interest relief is at the end..and they will not give me anymore. I am wondering if there is a way to have part or at least a good portion of this loan forgiven? I was told i have no option except to start making payments otherwise it will go to collections.

Can someone PLEASE help me...what should i do next since i am still in no fnancial situation to make payments?

thanks so much.

Replies:

Posted By: nago
Date Posted: 19/July/2006 at 7:41pm

debt reduction is next

There are rules for dr though:

Your loans must be in good standing
extended to 15 years
60 months total (54 ir and 6 grace) months since your last loan

All the info is here in this section or at aved.gov.bc.ca

But last year i got 22k knocked off my loans. This year they sent me a letter saying i might get 6800 knocked off if they approve it

So stay on the ball and prove to them that your in need for dr. You need pay stubs, or welfare, ei ....notice of assessment for the past year. If you had zero income you'll need to prove how you got by: a 3rd party letter, monthly statements from yourself for each of the last 12 months to say how you pay for rent and food, and a letter from yourself begging em to give it to you

What i said in my letter is:

1)circumstances have led me to be too poor to pay and that i have tried and tried(i documented 200 hours of paperwork and calls)
2)its in there best interest given the fact that i only made this amount for the past five years(I said it nicely though)
3)that it would alleviate my financial difficulties

Contact Johnny if you really need help he's the man

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Posted By: little_J
Date Posted: 21/July/2006 at 4:59am

Thanks so much I appreciate your feedback!