National Student Loan Repayment Assistance Options

How Can I Get National Student Loan Debt Repayment Assistance?

In order to help debtors pay off their student loans the government has crafted multiple arrangements to assist in repayment.

Need Help Reviewing Your Financial Situation?
Contact a Licensed Trustee for a Free Debt Relief Evaluation

Call 877-879-4770


The two key programs include:


  • Revising the Terms

Basically, this is when you lengthen the amortization period for the student loan itself.

Ideal for challenges with the repayment on a monthly basis, you can establish a lower monthly payment by stretching the amount of time you have to pay back the account.

Generally, loans of this type stretch to approximately nine and half years.

When you look into stretching this term, the NSLSC can give you a new amortization term of fourteen and a half years.

This lessens the amount you pay on a monthly basis.

Ideal for those with a lower income or who are out of work, you can continue to pay the amount without actually breaking the bank.


  • RAP: Repayment Assistance

The second option follows a two-step design.

Meant for those who cannot pay their monthly amount owing, it continues on the basis that student loans should not amortize beyond a fifteen-year period.

It also follows the rules that no more than twenty percent of monthly income should go towards student loans.

In order to proceed with this method, you should apply to the office holding the loan.

Eligibility is determined based on your income and the dependents in your care.

Once eligibility is determined, you can then make reasonable payments on a monthly basis.

The government pays the difference between the standard payment and adjusted payment amount.

The first stage applies only for the first five years.

After this time, there are still options available to you.

To learn more about the program, reach out to the NSLSC directly.

Their agents can detail for you specifics as to the repayment arrangements available and help you understand the application process.

Help is available for you to pay off your student loans in a reasonable amount of time.

Financial wellbeing is always optimized when you act efficiently.

Reach out for assistance today and begin the process.

By acting as soon as possible, you ensure that the most options available are open to you, thereby optimizing your financial future.

Leave a comment

Your email address will not be published. Required fields are marked *