Success!.....and frustration
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=3666
Printed Date: 26/March/2026 at 10:42pm
Software Version: Web Wiz Forums 12.07 - https://www.webwizforums.com
Topic: Success!.....and frustration
Posted By: vice
Subject: Success!.....and frustration
Date Posted: 01/August/2006 at 12:08pm
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Well, I finally succeeded in receiving debt reduction....a whopping $1k off
my $55k student loan debt.  On the bright side, any DR is
better than no DR. Approval time was slow. I applied for DR on June 1 -- I actually faxed in my application so there wouldn't be any delays -- but I wasn't notified of my approval for my federal loans until yesterday (July 31). I'm still trying to contact the BC government regarding DR approval (or non-approval) for my BC loans. I still can't get a hold of anyone. I'm in a position where I can now pay out some of my loans, but I'm finding myself very frustrated by how SLOW this system is. While I wait for approval notices and phone in for current amounts, interest accrues at over $1 per day. Thanks for letting me vent. |