Repayment Assisstance Plan (RAP) Issues - Debt repayment after graduation

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Debt repayment after graduation

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=6445
Printed Date: 27/March/2026 at 2:04am
Software Version: Web Wiz Forums 12.07 - https://www.webwizforums.com

Topic: Debt repayment after graduation

Posted By: nakedput
Subject: Debt repayment after graduation
Date Posted: 24/May/2012 at 4:48am

Hi guys,

I'm not sure if this is the right place for this topic so if it isn't, can the mods please move this thread elsewhere?

As for my situation, I'll provide some quick cliff notes:

-30g's in debt (my dad enouraged me to take on debt as he told me "most of it would be forgiven". I'm only realizing now he was kindof talking out of his ass

-have a few classes left in my degree (Finance) and have a job offer for a 40k base salary with commission on top (I'm not expected to make much commission the first year, though). 40k turns out to roughly 1200 bucks per cheque/2400 per month net

30 g's seems liek a hell of a lot of money...other then that I have a few hundred in CC debt and live at home (for now, although it does suck!:))

All the info on this site seems overwhelming...given my situation, are there any posts on here I can check out? Thanks!

Replies:

Posted By: administrator
Date Posted: 25/May/2012 at 7:45am

I think the best thing to do is not worry about the posts here unless you get defaulted which is unlikely with the newer Repayment Assistance Program (RAP). The best info for you at this stage is at the canlearn.ca website in the "repayment assistance" section..

Here's the link...
http://www.canlearn.ca/eng/after/payingback/index.shtml" rel="nofollow - http://www.canlearn.ca/eng/after/payingback/index.shtml

Mark

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