Discretionary refers to something that is left up to someone's discretion or personal judgment. It means having the power, right, or opportunity to make a decision based on one's own opinions and ideas.
Monthly payments are capped at 10 to 15 percent of discretionary income, depending on when you took out your loans. (studentloanhero.com)
Under the new rule, members will receive the same amount of discretionary funding, with a potential 25 percent bump for districts that have the highest levels of poverty. (politico.com)
However, when it comes to many of student loan repayment programs offered by the student loan repayment programs offered by the federal government, there's a more precise definition for discretionary income. (loanlab.co)