Tag · Canada

RAP

2 Loopholes 🇨🇦 Canada

Loopholes Tagged "RAP"

Plain-English guides to Canadian legal rights and workarounds related to RAP.

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Canada Student Loan Repayment Assistance Plan — Cap Payments and Earn Forgiveness

The federal Repayment Assistance Plan caps your Canada Student Loan payments at 10% of household income, covers interest shortfalls, and forgives remaining principal after 10 years of payments.

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Federal Student Loans Are Now Interest-Free — Repayment Assistance and RAP Explained

Since April 2023, federal Canada Student Loans carry 0% interest — and the Repayment Assistance Plan (RAP) caps your monthly payments at 20% of income, potentially resulting in $0 payments for low-income graduates.

🇨🇦 All Provinces & Territories Read Guide →