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Canada Student Loans Program, Policy Manual, Chapter 10

Canada Student Loans Program, Policy Manual, Chapter 10

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Published by Melonie A. Fullick

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Published by: Melonie A. Fullick on Apr 25, 2011
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04/25/2011

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CHAPTERTEN
CANADASTUDENTLOANSPROGRAMPOLICYMANUAL
DEBTREDUCTIONINREPAYMENT
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CanadaStudentLoansProgramDirectorate.HumanResourcesandSkillsDevelopmentCanada
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CHAPTERTEN
DEBTREDUCTIONINREPAYMENTINTRODUCTION
Context,,..10-3History....10-3
DEBTREDUCTIONINREPAYMENT
Overview...........10-4EligibilityCriteria.,,~...............10-4MaximumAmountofReduction10-4MaximumNumberofReductions10-5BorrowerswhoAppliedforDebtReductioninRepaymentpriortoMay11,200410-6HowOftenaBorrowerMayApplyforDebtReductioninRepayment.....................10-6RestrictionsonBorrowerswhoReceiveDebtReductioninRepayment.....10-6
APPLICATIONPROCESS
WheretoObtainApplication10-7RequiredDocumentation10-7DefinitionofFamilyIncome10-7ExamplesofTypesofIncometobeIncluded10-7DocumentstoProvideProofofIncome,10-9ExamplesofIncomeNottobeIncludedinCalculationofFamilyIncome10-9LumpSumPayments.......:.........................................................................10-10TreatmentofLumpSumPaymentsasRegularSourceofIncome10-10SupportingDocumentationforLumpSumPayments10-11
ASSESSMENT
AssessmentProcess............10-13CalculationofMonthlyInstalment'10-13ExampleofAssessment10-14NotificationofDecision.10-16B.orrowerswhoHaveMorethanOneTypeofLoan10-16StatusofConsolidatedStudentLoanAgreement,______10-16MinimumMonthlyPaymentFollowingReduction10-16LengthofRepaymentArrangement____.__.____.10-17IneligibilityforFurtherReductions.________10-17
RESTRICTIONSFROMDEBTREDUCTIONINREPAYMENT
Restrictions______________10-18RemovalofRestrictionstoORR__10-18RemovalofRestrictionstoFurtherFinancialAssistance10-19
DebtReductioninRepaymentAugust2004
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REQUESTFORRECONSIDERATION
OFAPPLICATION
Reconsideration..........................10-20
FREQUENTLYASKEDQUESTIONS
10-21
DEBTREDUCTIONINREPAYMENTINCOMETABLE
10-25
DebtReductioninRepaymentAugust2004
10-2
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