Repayment Assisstance Plan (RAP) Issues - Applying for RAP >15 years repayment

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Applying for RAP >15 years repayment

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=6816
Printed Date: 26/March/2026 at 10:42pm
Software Version: Web Wiz Forums 12.07 - https://www.webwizforums.com

Topic: Applying for RAP >15 years repayment

Posted By: old hippy
Subject: Applying for RAP >15 years repayment
Date Posted: 09/January/2014 at 4:24am

Hi,

How is everyone?

I'm almost at the 15 years of repayment mark - graduated in 2000, and had 5 years of what was interest relief at that time.

I had good paying contract jobs and didn't apply for RAP, because the monthly payments would have been way too high, so I've been paying interest only.

I've been laid off (again) and am AFRAID to apply for RAP and lose the interest only status after all these years. Does anyone know whether I will have to be on RAP for the full 15 years, or how does that go? And if I am over the 15 year repayment period - will I qualify?

When I fill in the RAP estimator - "I've been in repayment for 164 months out of 180 months" and the loan will be re-amortized... ??

Many thanks,