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Share Your Thoughts - Re: Repayment Fairness

Printed From: CanadaStudentDebt.ca
Category: Government Program Problems
Forum Name: Repayment Assisstance Plan (RAP) Issues
Forum Description: Rules, regulations and problems (Formerly Interest Relief and Debt Reduction)
URL: http://www.canadastudentdebt.ca/forum_posts.asp?TID=7439
Printed Date: 07/July/2022 at 1:03am
Software Version: Web Wiz Forums 12.04 - http://www.webwizforums.com


Topic: Share Your Thoughts - Re: Repayment Fairness
Posted By: SolveStudentDebt
Subject: Share Your Thoughts - Re: Repayment Fairness
Date Posted: 31/August/2021 at 2:17pm
Tell Us Your Thoughts!
The Canada Student Loans Program bases the rate of a borrower's monthly payment towards a student loan on the total of all income in a household. In the case of a borrower having an income below the minimum income threshold – or no income, the government requires the borrower’s spouse to pay if his/her income is sufficient enough. If payment is refused, then the government will abandon the borrower and place them in default, and subject them to a grueling process of having to deal with the government collection processes.
Is this fair or unfair?


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