Repayment Assistance Plan (RAP)
The Repayment Assistance Plan, available for both Alberta and Canada student loans makes sure your monthly payment is in sync with your income and family size. You can apply anytime during your repayment term.
If you qualify, a reduced monthly payment will be set for six months, based on your income. Depending on your situation, you may not need to make a payment at all for some months until your situation changes.
Completing one RAP application will ensure you are considered for benefits on both your Canada and Alberta student loans. If you meet the program criteria and would like to apply, contact Student Aid Alberta to get started, or access the Repayment Assistance Plan Application.