Repayment Assisstance Plan (RAP) Issues

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RAP

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=5697
Printed Date: 26/March/2026 at 10:30pm
Software Version: Web Wiz Forums 12.07 - https://www.webwizforums.com

Topic: RAP

Posted By: Lululuv
Subject: RAP
Date Posted: 09/March/2010 at 1:13pm

Hey Guys

I have a quick question. I just started paying back my student loan on January 31, 2010 (graduated June 2009), and I recently read about Repayment Assistance Plan. I honestly think it sounds good... but.. I'm hearing about some collection agency? My payment is $800 a month... between my federal and provincial student loan.. and I can make the monthly payments. But when I plug my income in... it drops my payments by $250 a month.. leaving me paying the principle and the government paying the interest. Even though I can make the payments.. obviously I would apply to have the government pay the interest if I can. My question is, will this leave me with bad credit? I had called the national student loan agency twice.. to get answers from 2 different reps.. and both times.. they said it wouldn't... but they said... "that's what we had heard". I don't know.. it seemed like a vague answer. And after reading this forum and something about "Tricura Canada"... I'm not even sure I should apply. Can anyone provide some incite into this matter? Thank you!!

Replies:

Posted By: old hippy
Date Posted: 10/March/2010 at 10:10am

Apply! It's an Assistance program, that's all. If you've defaulted on your loan then you wouldn't be eligible for any assistance. Do not rely on answers from the dough heads at National Student Loan centre or you'll be run around in circles. Bad credit comes from not making payments and defaulting on your loan and then collection agencies like Tricura start harassing you. The RAP is set up to help you make affordable payments to prevent that from happening. I have terrific credit - and I was on Interest Relief assistance (pre-RAP) for 5 yrs. Go for it!

Posted By: Lululuv
Date Posted: 10/March/2010 at 12:42pm

Thank you so much for your response!! .. And your reassurance! It's nice to hear a success story. I faxed my application today! :)

Posted By: kennerman
Date Posted: 10/March/2010 at 1:42pm

Is it possible to ever qualify for RAP if your loans are in default?

Posted By: administrator
Date Posted: 10/March/2010 at 3:43pm

If you are in default you are not eligible for RAP

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Administrator
Mark OMeara
Author of Let Go and Heal: Recovery from Emotional Pain
https://LaughSingWrite.com - http://bit.ly/heal2024

Posted By: kennerman
Date Posted: 17/March/2010 at 2:16pm

can you ever get out of default and qualify.

Posted By: noluckatall
Date Posted: 21/March/2010 at 7:30pm

I'm in default, and they (Tricura or whatever) told me to send in the application anyway. What the heck? I did... but I don't get it.