Home
Forms Library
Repayment assistance plan form

Repayment assistance plan form 2025

repayment assistance plan form Preview on Page 1

See details

4.3 out of 5

154 votes

The document is an application form for the Repayment Assistance Plan (RAP) provided by Employment and Social Development Canada. It outlines the eligibility criteria, required information, and steps for applicants seeking assistance with their student loans. Key sections include personal information, monthly gross family income, government student loan details, and applicant's signature. The RAP aims to reduce loan payments to a manageable level based on income, with provisions for re-application and restrictions on future financial assistance if conditions are not met.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out repayment assistance plan form with our platform

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open the Repayment Assistance Plan Application in the editor.
Begin with Section 1, where you will enter your personal information including your last name, first name, mailing address, and Social Insurance Number (S.I.N.). Ensure to indicate if you reside in Canada and provide your primary and alternate telephone numbers.
In Section 2, provide a statement of your monthly gross family income. You may need to attach proof of income. Fill in the income for two months as required and describe how you manage living expenses if your income is $0.
Proceed to Section 3 to detail any government student loans you or your spouse have. List the financial institutions, current balances, and regular monthly payments.
Finally, sign and date the application in Section 4. Review all entries for accuracy before submitting.

Start filling out your Repayment Assistance Plan form today for free using our platform!

See more repayment assistance plan form versions

We've got more versions of the repayment assistance plan form form. Select the right repayment assistance plan form version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2021	4.8 Satisfied (106 Votes)
2020	4.4 Satisfied (159 Votes)
2020	4.1 Satisfied (52 Votes)
2019	4.3 Satisfied (154 Votes)
2016	4.3 Satisfied (50 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How does the repayment assistance plan work?

RAP requires you to pay a percentage of your adjusted gross income. If you have dependents, $50 per dependent will be deducted from your monthly payment. The minimum monthly payment under this plan is $10.

How does a repayment plan work?

The Repayment Assistance Plan (RAP) will replace most IDR plans starting July 1, 2026. Key features: $10 minimum payment, regardless of income. Payments: 1%10% of Adjusted Gross Income (AGI) depending on income bracket.

Who is eligible for a repayment assistance plan?

Key elements of a repayment agreement Parties involved. Clearly define the lender and borrower, including their contact information. Loan amount and interest. Specify the principal amount and any interest to be charged. Repayment schedule. Late fees: Outline any penalties for late payments. Default terms. Governing law.

What is the new rap program?

As long as you remain eligible for RAP, the balance of your loan is gradually paid off. Repayment obligations will not exceed 15 years after you end your apprenticeship. Note: Once you have received a Stage 2 RAP period, you cannot receive a new loan until your existing loans are paid in full.

What is a repayment assistance plan?

RAP at a glance: $10 flat payments for those earning $10,000 per year or less. Other qualifications: Must have federal direct or grad PLUS loans. Best for: Borrowers with a large amount of debt relative to their income, who take out a loan on or after July 1, 2026.

Try more PDF tools