Change the Repayment Assistance Plan so that graduates are required to repay only once they earn at least $25,000 per year.

What success looks like

Recent graduates earning less than $25,000 are able to delay repayment of their Canada Student Loans until they are more financially secure.

Government's narrative on progress

Effective November 2016, thresholds for the Repayment Assistance Plan (RAP) have been increased so that no borrower will have to repay their Canada Student Loan until they are earning at least $25,000 per year. Thanks to this change and efforts to increase awareness, an additional 29,000 Canadians will be able to delay payment (an increase of approximately 11 per cent), and many more will have lower payments until they can afford to pay back their debts. Further, Budget 2019 proposes to lower interest rates on Canada Student Loans and Canada Apprentice loans, and to amend the *Canada Student Financial Assistance Act*, so that student loans will not accumulate any interest during the six-month non–repayment period (the "grace period") after a student loan borrower leaves school.

Note: this is the government's own description, not an independent assessment.