LOAN FORGIVENESS / REPAYMENT ASSISTANCE
Do you have outstanding federal government student loans?
CanLearn Severe Permanent Disability Benefit
http://www.canlearn.ca/eng/loans_grants/repayment/help/severe_disability.shtml
Repayment Assistance Plan
http://www.canlearn.ca/eng/loans_grants/repayment/help/repayment_assistance.shtml
Repayment Assistance Plan for Borrowers with a Permanent Disability
http://www.canlearn.ca/eng/loans_grants/repayment/help/repayment_assistance.shtml
CanLearn Severe Permanent Disability Benefit
http://www.canlearn.ca/eng/loans_grants/repayment/help/severe_disability.shtml
- Loan forgiveness if unable to work.
- Contact the National Student Loan Service Centre to inquire about eligibility.
- 1-888-815-4514
Repayment Assistance Plan
http://www.canlearn.ca/eng/loans_grants/repayment/help/repayment_assistance.shtml
- Helps to manage student loan debt by reducing monthly payments (the Governments of Canada and Alberta may cover part or all of the interest owing that your payment does not cover).
- Apply online through National Student Loan Service Centre account or athttp://www.canlearn.ca/eng/common/publications/forms.shtml.
- Will have to provide information on income and outstanding student loans.
- NEED TO RE-APPLY EVERY SIX-MONTH PERIOD.
Repayment Assistance Plan for Borrowers with a Permanent Disability
http://www.canlearn.ca/eng/loans_grants/repayment/help/repayment_assistance.shtml
- Is a supplement to the Repayment Assistance Plan (see above) – must first qualify for the RAP.
- Considers expenses directly related to permanent disability (e.g. medical care, assistive devices, home modifications) that are not covered by insurance or other programs.
- Apply online through National Student Loan Service Centre account or athttp://www.canlearn.ca/eng/common/publications/forms.shtml.
- Will have to provide information on:
- current insurance coverage;
- nature of disability; and
- prescription of treatments being claimed.
- NEED TO RE-APPLY EVERY SIX-MONTH PERIOD.