Then you need to calculate your budget together with the amount of monthly loan repayment in the outcome column. (personalmoneyservice.com)
The most prominent features of the plan are to cap monthly loan repayments at 10 % of your discretionary income and offer loan forgiveness if you make 20 years of qualified payments. (debt.org)
Just like other installment loans such as auto loans, your single monthly loan repayment is a fixed amount. (gobankingrates.com)