Debt Reduction question
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=3856
Printed Date: 27/March/2026 at 4:20am
Software Version: Web Wiz Forums 12.07 - https://www.webwizforums.com
Topic: Debt Reduction question
Posted By: kasha
Subject: Debt Reduction question
Date Posted: 09/October/2006 at 8:50am
Hi everyone,
I have received my debt reduction form and need to send back a year's worth of proof of income. Does anyone know what the latest criteria is? There are income tables posted here but it seems to change so much within a short amount of time.
The reason I ask is because I'd like to have the option of going back to school but if I get any debt reduction I have to pay off the first loan before I'd qualify for any more loans. I'd like to know what amount I'd be getting reduced so I can figure out whether I can pay it all off before going back to school.
Does anyone know whether I'd have to make payments while I was going to school on previous loans when I've used up all my interest relief? My other option is to go back to school now and see if I'd qualify for debt reduction at the end of it all.
Going into more debt isn't great but I feel like I've figured out what I want to do when I proverbially grow up and going to grad school is a must for that to happen.
Thanks in advance for any insight.
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Replies:
Posted By: nago
Date Posted: 31/October/2006 at 7:00pm
everything and anything: cheque stubs, notice of assessment
If you havent worked then a third party letter, a letter from yourself detailing your probs, a letter for each month explaining the problem
best thing is to just phone them and ask them exactly what they want from you
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