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Applicants must reside in Canada to be eligible for the Repayment Assistance Plan (RAP).
Applicants may need to provide proof of their monthly gross family income, which is calculated before taxes and deductions.
Only loans that are currently in repayment status are eligible for assistance under RAP.
Applications must be signed and submitted within 40 days of the signature date to ensure timely processing.
If approved for RAP, monthly payments will be adjusted to not exceed 20% of the applicant's gross family income, potentially reducing payments to zero.
At the end of each six-month RAP term, applicants must reapply if they wish to continue receiving assistance.
Personal information collected during the application process is protected under various Canadian privacy laws and is used solely for administering student financial assistance programs.