RAP & Full-time Studies in the US
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=6397
Printed Date: 26/March/2026 at 10:30pm
Software Version: Web Wiz Forums 12.07 - https://www.webwizforums.com
Topic: RAP & Full-time Studies in the US
Posted By: nms
Subject: RAP & Full-time Studies in the US
Date Posted: 23/March/2012 at 8:09am
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I've been on RAP for close to 5 years, and will be applying for Stage 2 in a few months from now. I want to take full-time studies in the US, and was wondering what the best way of dealing with RAP would be. My tuition and expenses would be covered by my parents, so I won't be taking out any additional loans. However, I understand that if I'm outside of Canada, I no longer qualify for RAP. And, I'm assuming I would no longer qualify for interest relief as a full-time student (as would be the case if I remained in CND). While in the US, I would have no means of paying back my student loans, so my CND student loans would surely go in default. :( Any ideas on how to best deal with this situation? If I didn't inform CanLearn about me studying full-time in the US (and continued to have a CND address), would CanLearn have any way of finding this out? |
Replies:
Posted By: nms
Date Posted: 06/April/2012 at 9:36am
anyone?
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Posted By: administrator
Date Posted: 06/April/2012 at 1:49pm
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You should check the eligibility rules for RAP if you are out of the country....I believe you must be a resident of Canada to qualify for RAP. For availability of interest free status if back in school at a foreign institution... Y As for interest free status if you go back to school... there's not much info on the Canlearn website.... 12. Q. What do I have to do to manage my loan during school? A. It is important that you maintain contact with your provincial student financial assistance office to keep them informed of your enrolment status. This will ensure that your loans do not go into repayment if you are still studying. It is also important to tell your http://www.canlearn.ca/eng/main/help/glossary/loan_provider.shtml" rel="nofollow - loan providers about any changes in your contact information, program of study or educational institution. Best to call the NSLSC for this info... ------------- Administrator Mark OMeara Author of Let Go and Heal: Recovery from Emotional Pain https://LaughSingWrite.com - http://bit.ly/heal2024 |