Repayment Assistance Plan


The Repayment Assistance Plan is available for both Alberta and Canada student loans.

If you are eligible and approved, your monthly payments will either be reduced or you will not have to make any payments, depending on your financial situation (earnings, family size, and outstanding loan debt) for a 6 month period.

Enrolment is not Automatic. You must Re-Apply Every 6 Months

Eligibility

You may qualify for the Repayment Assistance Plan if:

  • You are currently repaying an Alberta or Canada student loan.
  • At least 6 months have passed since you completed your studies; and
  • You are having difficulty making your payment.

To see if you may be eligible, go to:

How it works

Stage 1

Stage 1 of the Repayment Assistance Plan provides help for temporary repayment difficulties.

An affordable payment is calculated based on your balance and your current financial situation. The Government will pay the interest and your affordable payment (if any has been calculated) will be applied to your balance.

You may be eligible for the Repayment Assistance Plan for up to 60 months from your Period of Study End Date.

Stage 2

Stage 2 of the Repayment Assistance Plan provides long-term help with ongoing repayment difficulties.

During Stage 2, the Government will begin to cover both the principal and interest that exceeds your affordable monthly payments. As long as you remain eligible for the Repayment Assistance Plan, the balance of your loan is gradually paid off. Repayment obligations will not exceed 15 years from your Period of Study End Date.

If you are approved for Stage 2, you are not eligible for additional student loans until your existing loans are paid in full. However, you can return to interest free status if you return to full time studies.

How to Apply

To apply for the Repayment Assistance Plan for Alberta and Canada student loans, visit:

To apply for the Repayment Assistance Plan for Alberta student loan only, visit: