Archived Urgent Help Needed Posts - RAP need help understanding

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RAP need help understanding

Printed From: CanadaStudentDebt.ca
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Forum Name: Archived Urgent Help Needed Posts
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URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=6693
Printed Date: 27/March/2026 at 3:46am
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Topic: RAP need help understanding

Posted By: JustBeFair
Subject: RAP need help understanding
Date Posted: 27/June/2013 at 2:53pm

So my story is long but here is the short version... After having a document from the Canada Student Loan Program admitting an administrative error and requesting a Ministerial Review I received the outcome of a letter telling me the Canada Student Loan Program made a mistake about admitting a mistake... AHHH!!!

But on a good note I have decided I will stop beating a dead horse. After 9 years of trying to get the NSLC to admit an error, which I have much proof of, I am going the rehabilitation route.

With some amazing staff at the CRA, yup you're reading that right, I am now 100.00 away from meeting the requirements for rehabilitation.

Here is my question... In 2008 I qualified for RAP. I couldnt get it because I did not have the money to pay the outstanding interest.

I make the same amount of money and my life has changed only from being common law to being a single mom. I am confident I will qualify based on this.

Anyway, how do the payments work exactly?

My last date of study was April 30, 2004. I owe approximately 23000 with my integrated student loan and dedicated student loan.. What should I expect for a monthly payment?

Replies:

Posted By: SolveStudentDebt
Date Posted: 28/June/2013 at 3:17am

CRA can give you the amortization detail and amount. You have to ask them.

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Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com

Posted By: tkarmy
Date Posted: 28/June/2013 at 7:32am

Typically they give you ten years from last date of study to repay the loan but are now extending that to 15 years. So given your last date of study if you get the extension to 15 years that would give you approx 6 years to pay it off... your payments would be Approx 320 plus any interest... with your amount approx 100-120 per month... so I'd say 420-460 per month