Repayment Assistance Estimator

Repayment Assistance Estimator (RAE)

Having trouble paying your student loan? Enter the information to see if you are eligible to receive repayment assistance.

To get started you will need information from various sources so gather your Loan Consolidation papers (the ones that summarize all of the details about your loan), your latest monthly repayment statement, and your spouse's loan information (if applicable).

Please note: Estimates provided are approximate. Final repayment amounts will be determined upon application to the Repayment Assistance Plan (RAP).

Things you may need:

Privacy Statement

Please be advised that in addition to assisting you in determining eligibility for the Repayment Assistance Plan (RAP), the Department will be collecting this information for input into a tool for Canada Student Loan Program (CSLP) analysts for current and future reference.

The information you provide on this form is collected under the authority of the Department of Human Resources and Skills Development Act to administer the Canada Student Loan program. Completion is voluntary. The information you provide may be used to for policy analysis, research and/or be shared with other federal government institutions. It may also be shared with the provincial/territorial student loan program with which you are registered.

Your personal information is administered in accordance with the Human Resources and Skills Development Act and the Privacy Act. You have the right to the protection of, and access to, your personal information. It will be retained in Personal Information Bank (number HRSDC PPU 030). Instructions for obtaining this information are outlined in the government publication, entitled InfoSource Opens a New Window, a copy of which is located at all Service Canada Centers.

Help for: Province Loan was Issued

Please select the province in which your loan was issued. This is the province of residence from when you applied. Your province of residence would have been the province or territory where you had most recently lived for at least 12 consecutive months prior to applying for a student loan. If you are uncertain, please check your loan consolidation papers.

Why is this asked for?

Different provinces and territories have different repayment assistance programs. You are asked to enter this information so that the tool generates the most accurate repayment assistance information possible.

Please note that Quebec, the North West Territories and Nunavut do not participate in the Federal system and therefore are not eligible for Federal repayment assistance programs. Please consult your provincial or territorial student loan Web site to learn about their repayment assistance programs. (Go To Field:Province Loan was Issued)

Help for: Family Status

Family Status

Please select your family status. If you are married or in a common-law relationship, and your spouse also has a student loan, you may need to enter their student loan information also. As a single student you will only enter your information.

Why is this asked for?

Your status affects the living expense calculations that this tool uses to determine your eligibility. (Go To Field:Family Status)

Help for: Family size

Family Size

Please enter the total number of family members including your spouse and dependants that live in the same dwelling as you.

Why is this asked for?

The size of your family affects the living expense calculations that this tool uses to determine your eligibility. (Go To Field:Family size)

Help for: Spouse in Repayment?

Spouse or Common-Law Partner in Repayment?

If your spouse or common-law partner is currently repaying a Canada student loan, please check the appropriate field within the estimator.

Why is this asked for?

Your spouse or common-law partner's status affects the amount of the affordable payment available specifically for your loans. The affordable payment is based on your family income which would be used by you and your spouse. The student loan balance of a spouse or common-law partner will affect the Affordable Payment you may be required to make and may have an impact when determining your eligibility for the Repayment Assistance Plan. (Go To Field:Spouse in Repayment?)

Help for: Monthly Gross Family Income

Monthly Gross Family Income

Please enter the total amount of your gross salary (pre-tax monthly income) and that of your spouse if applicable.

Why is this asked for?

Gross income is an integral part of determining the amount of assistance you might be eligible for. (Go To Field:Monthly Gross Family Income)

Help for: Period of Study End Date (YYYY-MM-DD)

Period of Study End Date

Please enter the date that you ended your studies. If you are unsure, please check your loan consolidation papers under Period of Study End Date.

Why is this asked for?

The Study End Date, plus the number of months of Interest Relief/RAP is used, in part, to determine how many periods of Interest Relief/Repayment Assistance you might be eligible for.

For the purpose of this estimator, if you are entering information for 2 loans, simply choose your end date. (Go To Field:Period of Study End Date (YYYY-MM-DD))

Help for: Number of Months of Interest Relief/RAP

Number of Months of Interest Relief/RAP

If you currently receive repayment assistance or interest relief, or have in the past, please indicate number of months you received. (Go To Field:Number of Months of Interest Relief/RAP)

Help for: Do you have a Permanent Disability?

Do you have a Permanent Disability?

If you have a permanent disability, please indicate this by checking the appropriate field within the estimator. Immediate enhanced assistance will be made available for those who qualify. (Go To Field:Do you have a Permanent Disability?)

Help for: Monthly Approved Expenditures

Monthly Approved Expenditures

The assessment for repayment assistance for Borrowers with a Permanent Disability will take into consideration medical expenses related to the borrower's permanent disability, including housing or special care expenses that would be deducted from the applicant's income. Medically, acceptable expenses would generally mirror most Health Insurance Plans. Applicants with health insurance would also be able to include as an applicable expense any uninsured portion that a borrower would be required to pay out of pocket. (Go To Field:Monthly Approved Expenditures )

Help for: Outstanding Federal Loan Amount

Outstanding Federal and Provincial/Territorial Loan Amount

Please enter the total outstanding federal and provincial or territorial loan amount as indicated on your latest federal and provincial/territorial loan statement. Please only enter the principal owing.

Why is this asked for?

The total outstanding federal and provincial and territorial loan remaining is used to determine how much you would need to pay monthly in order to have your loan paid off within a specific period of time. This is called the Required Payment and is compared to the amount that is considered affordable based on your gross family income.

If you do not know the federal loan amount because your loan is from an integrated province (Ontario, Saskatchewan, Newfoundland/Labrador or New Brunswick) then you can estimate the Federal portion of your loan total by entering 2/3rds of your total loan (e.g. multiply your total loan amount by 0.66).

For those provinces that do not participate in CSLP, please consult your provincial or territorial student loan office to learn about their repayment assistance programs.

(Go To Field:Outstanding Federal Loan Amount)

Help for: Outstanding Provincial/Territorial Loan Amount

Outstanding Federal and Provincial/Territorial Loan Amount

Please enter the total outstanding federal and provincial or territorial loan amount as indicated on your latest federal and provincial/territorial loan statement. Please only enter the principal owing.

Why is this asked for?

The total outstanding federal and provincial and territorial loan remaining is used to determine how much you would need to pay monthly in order to have your loan paid off within a specific period of time. This is called the Required Payment and is compared to the amount that is considered affordable based on your gross family income.

If you do not know the federal loan amount because your loan is from an integrated province (Ontario, Saskatchewan, Newfoundland/Labrador or New Brunswick) then you can estimate the Federal portion of your loan total by entering 2/3rds of your total loan (e.g. multiply your total loan amount by 0.66).

For those provinces that do not participate in CSLP, please consult your provincial or territorial student loan office to learn about their repayment assistance programs.

(Go To Field:Outstanding Provincial/Territorial Loan Amount)

Help for: Spouse's Outstanding Federal Loan Amount

Spouse or Common-Law Partner's Outstanding Federal and Provincial and Territorial Loan Amount

Please enter the total outstanding federal, provincial and territorial loan amounts for your spouse or common-law partner as indicated on his or her latest federal loan statement. Please only enter the principal owing.

Why Is This Asked For?

The student loan balance of a spouse or common-law partner determines what portion of the affordable payment based on your family's income is available for your loans. The portion allocated to your loans is determined by the ratio of your debt to that of your spouse's which will have an impact when determining your eligibility for the Repayment Assistance Plan. (Go To Field:Spouse's Outstanding Federal Loan Amount)

Help for: Spouse's Outstanding Provincial/Territorial Loan Amount

Spouse or Common-Law Partner's Outstanding Federal and Provincial and Territorial Loan Amount

Please enter the total outstanding federal, provincial and territorial loan amounts for your spouse or common-law partner as indicated on his or her latest federal loan statement. Please only enter the principal owing.

Why Is This Asked For?

The student loan balance of a spouse or common-law partner determines what portion of the affordable payment based on your family's income is available for your loans. The portion allocated to your loans is determined by the ratio of your debt to that of your spouse's which will have an impact when determining your eligibility for the Repayment Assistance Plan. (Go To Field:Spouse's Outstanding Provincial/Territorial Loan Amount)

Help for: Interest Rate

Interest Rate

Please enter the interest rate as indicated on your loan consolidation papers or on your latest loan statement.

If you have not signed your loan consolidation papers yet, your loan will automatically be consolidated 6-months after your study period has ended. You will then be sent your consolidation papers which will summarize the total amount you owe, the amortization period and the interest rate. Interest rates will either be floating (prime rate + 2.5%) or fixed (prime rate at the time of consolidation + 5%). For the purpose of this estimator you can also simply input the current prime rate (+ 2.5% for floating and +5% for fixed rates) from the Bank of Canada Web site.

Why is this asked for?

Your interest rate is used to determine your monthly loan payments which are used to calculate your eligibility. (Go To Field:Interest Rate)