Yesterday was your Last Day to get... interest relief on your Canada Student Loans. But RAP is next...

Jeannine Mitchell - Fri, 07/24/2009 - 05:12

 
We Are Leaving the "Last Day" comments below as an archive. But...
 
DON'T BE TOO DISTRESSED IF YOU MISSED THIS DEADLINE. CANADA STUDENT LOANS WILL HAVE FEATURES SIMILAR TO INTEREST RELIEF IN THE RAP PROGRAM, WHICH OFFICIALLY STARTS TODAY.

 
                                                    more about rap soon to come, starting with RAP 101...
 
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Today is Your LAST DAY to apply for Interest Relief on your Canada Student Loans. After that, this aid program is toast!
 
We are doing a count-down on Debt 101.
 
You may qualify -- even if you've been turned down in the past.
 
Interest Relief gives you a 6-month freeze on payments.
 
This federal program is ending. It's your last chance to apply!
 
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Are You Eligible?
 
Get a quick idea with Debt 101 article: Don't Miss Out on Interest Relief!   
 
Click this page in 'The REAL Aid Rules' to find the official rules for Canada Student Loans Program's Interest Relief.
 
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What if You Can't Get the Application Form from Your Lender?
 

Download your Canada Student Loans Interest Relief application by clicking here.

 
Note: if you have trouble accessing the application form above, make sure your browser is Javascript-enabled.

 
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To Increase Your Chances:
 
No matter who your Canada Student Loans lender is - bank, NSLSC or HRSDC - keep your fax transmission record... and call to be sure they saw your fax!
 
Provincial (eg BC, OSAP) Interest Relief forms will not work for Canada Student Loans Interest Relief. Each government program is separate.

Please use the many helpful tips posted here.
 
CHECK THAT YOUR APPLICATION IS COMPLETE, SIGNED AND DATED 
 
THEY MUST RECEIVE YOUR APPLICATION BY JULY 31, 2009
 
 IF YOU THINK YOU ARE TOO LATE: IT WON'T HURT TO TRY. SOME OFFICIALS SAY THEY'LL ACCEPT A FAXED APPLICATION THAT IS TIME-STAMPED ANY TIME JULY 31.
 
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WHILE INTEREST RELIEF WILL END, THERE WILL BE A NEW PROGRAM TO HELP LOW-INCOME PEOPLE WITH THEIR CANADA STUDENT LOANS.
 
IT'S CALLED RAP (REPAYMENT IN ASSISTANCE) AND DOES HAVE SOME GOOD FEATURES.
 
DEBT 101 WILL DISCUSS RAP IN DETAIL NEXT MONTH.
 
 
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More Interest Relief Info:
 
Earlier post about IR ending and what will replace it: click here.
 
Debt 101 article: Don't Miss Out on Interest Relief! 
 
While CanLearn (government website for Canada Student Loans) does not seem to offer forms, it has a detailed page of info on Interest Relief. CanLearn also has further details on this page.
However, Debt 101 has the income chart, application, rules and forms, so you can always use  what's here.
 
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Questions? Just register and ask in the forum!

 
Debt 101 is a non-profit community service to help you successfully manage your student loans. While we strive to give you full and official details, your lender and government services must be the final word on all points. Your use of this website means that you understand and agree to our terms of service