Sentences with phrase «direct loan repayment plans»

You must be enrolled in one of the Direct Loan repayment plans, some of which are income - based.

What other Direct Loan repayment plans would give me a monthly payment that is at least equal to the payment that would be required under a 10 - Year Standard Repayment Plan?

** Any other Direct Loan repayment plan, but only payments that are at least equal to the monthly payment amount that would have been paid under the Standard Repayment Plan with a 10 - year repayment period may be counted toward the required 120 monthly payments.

Not exact matches

If you consolidate loans other than Direct Loans, it may give you access to additional income - driven repayment plan options and Public Service Loan Forgiveloans other than Direct Loans, it may give you access to additional income - driven repayment plan options and Public Service Loan ForgiveLoans, it may give you access to additional income - driven repayment plan options and Public Service Loan Forgiveness.

Borrowers who have Direct Stafford loans that are either subsidized or unsubsidized, FFEL PLUS loans, or FFEL consolidation loans may qualify for an income - sensitive repayment plan.

Borrowers with Direct Stafford loans, subsidized or unsubsidized, PLUS loans, or consolidation loans may opt for the extended repayment plan.

In most cases, the court will direct you to repay your loans with the help of other federal programs, such as an income - driven repayment plan or deferment.

On the other hand, they are eligible for the Income - Contingent Repayment plan if you consolidate your loans through a Direct Consolidation Loan.

Under an income - contingent repayment program, borrowers with Direct Stafford loans of any kind, PLUS loans made to students, and consolidation loans have their monthly payment based on the lesser of 20 percent of discretionary income or the amount due on a repayment plan with a fixed payment over 12 years, adjusted for income.

The Direct Consolidation Loan, as mentioned above, is one choice for exiting default, but if you go this way, you must first either agree to sign up for an income - driven repayment plan or make three consecutive, on - time, full payments on your lLoan, as mentioned above, is one choice for exiting default, but if you go this way, you must first either agree to sign up for an income - driven repayment plan or make three consecutive, on - time, full payments on your loanloan.

If your loans are in default, the government requires you to sign up for an income - driven repayment plan to take out a Direct Consolidation Loan.

• Direct Stafford loans • Direct Consolidation loans • Perkins and Parent PLUS loans are only eligible if you consolidate them into a Direct Consolidation loan and repay them under the standard or income - contingent repayment plan.

The Public Service Loan Forgiveness (PSLF) Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full - time for a qualifying employer.

It's important to understand that the Standard Repayment Plan for Direct Consolidation Loans is not the same repayment plan as the 10 - Year Standard Repayment Plan, and payments made under the Standard Repayment Plan for Direct Consolidation Loans do not usually qualify for PSLF Repayment Plan for Direct Consolidation Loans is not the same repayment plan as the 10 - Year Standard Repayment Plan, and payments made under the Standard Repayment Plan for Direct Consolidation Loans do not usually qualify for PSLF purpoPlan for Direct Consolidation Loans is not the same repayment plan as the 10 - Year Standard Repayment Plan, and payments made under the Standard Repayment Plan for Direct Consolidation Loans do not usually qualify for PSLF repayment plan as the 10 - Year Standard Repayment Plan, and payments made under the Standard Repayment Plan for Direct Consolidation Loans do not usually qualify for PSLF purpoplan as the 10 - Year Standard Repayment Plan, and payments made under the Standard Repayment Plan for Direct Consolidation Loans do not usually qualify for PSLF Repayment Plan, and payments made under the Standard Repayment Plan for Direct Consolidation Loans do not usually qualify for PSLF purpoPlan, and payments made under the Standard Repayment Plan for Direct Consolidation Loans do not usually qualify for PSLF Repayment Plan for Direct Consolidation Loans do not usually qualify for PSLF purpoPlan for Direct Consolidation Loans do not usually qualify for PSLF purposes.

NOTE: Direct PLUS Consolidation Loans, which include PLUS Loans made to parent borrowers before July 1, 2006 must be re-consolidated into a Direct Consolidation Loan to qualify for repayment under the ICR plan.

If you consolidate parent PLUS loans with other direct federal student loans into a Federal Direct Consolidation Loan, the only income - driven repayment (IDR) program that loan will be eligible for is income - contingent repayment (ICR), the least generous of all IDR direct federal student loans into a Federal Direct Consolidation Loan, the only income - driven repayment (IDR) program that loan will be eligible for is income - contingent repayment (ICR), the least generous of all IDR Direct Consolidation Loan, the only income - driven repayment (IDR) program that loan will be eligible for is income - contingent repayment (ICR), the least generous of all IDR plLoan, the only income - driven repayment (IDR) program that loan will be eligible for is income - contingent repayment (ICR), the least generous of all IDR plloan will be eligible for is income - contingent repayment (ICR), the least generous of all IDR plans.

NOTE: Payments you make under a 10 - year Standard Repayment Plan or under any other Direct Loan Program repayment plan with payments that are at least equal to what you would have been required to pay under the 10 - year Standard Repayment plan also count towRepayment Plan or under any other Direct Loan Program repayment plan with payments that are at least equal to what you would have been required to pay under the 10 - year Standard Repayment plan also count toward PPlan or under any other Direct Loan Program repayment plan with payments that are at least equal to what you would have been required to pay under the 10 - year Standard Repayment plan also count towrepayment plan with payments that are at least equal to what you would have been required to pay under the 10 - year Standard Repayment plan also count toward Pplan with payments that are at least equal to what you would have been required to pay under the 10 - year Standard Repayment plan also count towRepayment plan also count toward Pplan also count toward PSLF.

However, if a Direct PLUS Loan made to a parent borrower is consolidated into a Direct Consolidation Loan, the new Direct Consolidation Loan can then be repaid under the ICR plan, which is a qualifying repayment plan for PSLF.

You may reconsolidate a defaulted FFEL Consolidation Loan without including any additional loans in the consolidation, but only if you agree to repay the new Direct Consolidation Loan under an income - driven repayment plan.

Student borrowers with direct subsidized or unsubsidized loans, individuals with parent or grad PLUS loans, and all consolidation loans are eligible for the standard repayment plan through the federal government.

If you make three voluntary, on - time, full monthly payments before consolidating, you can choose from any of the repayment plans available to Direct Consolidation Loan borrowers.

If you choose to repay the new Direct Consolidation Loan under an income - driven plan, you must select one of the available income - driven repayment plans at the time you apply for the consolidation loan and provide documentation of your incLoan under an income - driven plan, you must select one of the available income - driven repayment plans at the time you apply for the consolidation loan and provide documentation of your incloan and provide documentation of your income.

The chart below, generated by the Department of Education's repayment estimator, shows how much $ 26,946 in direct subsidized federal student loans with a 4.3 percent interest rate would cost a borrower to repay under all seven different repayment plans available to federal student loan borrowers.

Parents who take out PLUS loans can consolidate them in a Direct Consolidation Loan and then repay the new consolidation loan under an Income Contingent Repayment (ICR) pLoan and then repay the new consolidation loan under an Income Contingent Repayment (ICR) ploan under an Income Contingent Repayment (ICR) plan.

If the borrower in the above situation had also taken out an additional $ 40,000 in unsubsidized direct federal loans to attend graduate school at the current interest rate of 5.8 percent, the differences in outcomes between repayment plans are even more dramatic (see chart below).

The Standard Repayment Plan is a fixed payment plan of up to 10 years (or 30 years if you have FFEL or Direct Consolidation LoaPlan is a fixed payment plan of up to 10 years (or 30 years if you have FFEL or Direct Consolidation Loaplan of up to 10 years (or 30 years if you have FFEL or Direct Consolidation Loans).

You must have over $ 30,000 worth of Direct Loans or Federal Family Education Loans (FFEL) to qualify for this repayment plan.

One benefit of federal loans, including Direct Consolidation Loans, is that you can alter your repayment loans, including Direct Consolidation Loans, is that you can alter your repayment Loans, is that you can alter your repayment plan.

Direct Loans (subsidized and unsubsidized) are eligible for the standard repayment plan.

Like the standard repayment plans, Direct (subsidized / unsubsidized), Stafford, and PLUS Loans are all eligible.

If you don't want to consolidate your FFEL loans into a Direct Consolidation Loan, you may be able to enroll in a different plan called Income - Based Repayment (IBR).

** The only income - driven plan available for Parent PLUS loans is the Income - Contingent Repayment (ICR) plan, and the Parent PLUS loan must first be consolidated into a Direct Consolidation Loan to become eligible for loan must first be consolidated into a Direct Consolidation Loan to become eligible for Loan to become eligible for ICR.

Their only option for income - driven repayment is to combine PLUS loans in a federal Direct Consolidation Loan and then repay the new consolidation loan under an Income Contingent Repayment (ICR) plan, the least generous of arepayment is to combine PLUS loans in a federal Direct Consolidation Loan and then repay the new consolidation loan under an Income Contingent Repayment (ICR) plan, the least generous of all plLoan and then repay the new consolidation loan under an Income Contingent Repayment (ICR) plan, the least generous of all plloan under an Income Contingent Repayment (ICR) plan, the least generous of aRepayment (ICR) plan, the least generous of all plans.

WASHINGTON — President Clinton was poised late last week to unveil a long - awaited legislative package that would create a federally chartered corporation to oversee a national service program, replace the existing student - loan program with a system of direct loans made with federal capital, and call for extensive use of a loan repayment plan that would base payments on a borrower's income.

Otherwise, you'll have to pay the newly consolidated direct loan under an income - based, pay - as - you - earn, or income - contingent repayment plan.

They have higher interest rates and fees and qualify for fewer repayment plans than federal direct subsidized and unsubsidized loans for students.

There is a major difference between the income - contingent and income - sensitive repayment plans and that is ICR deals with loans made under the William D. Ford Direct Loan program and ISR deals only with loans made under the Federal Family Education Loan program (FFEL).

The Federal Direct Consolidation Loan site has interactive calculators that can help you estimate your consolidation loan interest rate and the amount of your monthly payment under a variety of repayment plLoan site has interactive calculators that can help you estimate your consolidation loan interest rate and the amount of your monthly payment under a variety of repayment plloan interest rate and the amount of your monthly payment under a variety of repayment plans.

Having a Direct Consolidation Loan gives you access to the Income Contingent Repayment Plan, which caps your payment at 20 % of your discretionary income.

I believe that because they are «DIRECT» loans that they would be eligible for PSLF but I can't determine if payments we are making under an «extended level» repayment plan would count towards the 120 required payments.

If she got a direct consolidation loan and signed up for the income contingent repayment plan, would the monthly payment be based off of her and her husbands combined income, or just her income since she is the one that took out the loan?

(Borrowers who switch into Direct Lending in order to obtain public service loan forgiveness are limited to the IBR, ICR and standard repayment plans.)

Borrowers with Direct Stafford loans, subsidized or unsubsidized, PLUS loans, or consolidation loans may opt for the extended repayment plan.

Under an income - contingent repayment program, borrowers with Direct Stafford loans of any kind, PLUS loans made to students, and consolidation loans have their monthly payment based on the lesser of 20 percent of discretionary income or the amount due on a repayment plan with a fixed payment over 12 years, adjusted for income.

Borrowers who have Direct Stafford loans that are either subsidized or unsubsidized, FFEL PLUS loans, or FFEL consolidation loans may qualify for an income - sensitive repayment plan.

You can do this with your federal loans as part of a Direct Consolidation Loan and still have access to the flexible repayment plans that federal loans offer.

Similar to the existing Income - Contingent Repayment plan (Direct Loan borrowers) and the Income - Sensitive Repayment plan (Federal Family Education Loan [FFEL] borrowers), the new Income - Based Repayment (IBR) plan is available to both Direct Loan and FFEL borrowers.

Any other Direct Loan Program repayment plan; but only payments that are at least equal to the monthly payment amount that would have been required under the 10 - year Standard Repayment Plan may be counted toward the required 120 repayment plan; but only payments that are at least equal to the monthly payment amount that would have been required under the 10 - year Standard Repayment Plan may be counted toward the required 120 paymeplan; but only payments that are at least equal to the monthly payment amount that would have been required under the 10 - year Standard Repayment Plan may be counted toward the required 120 Repayment Plan may be counted toward the required 120 paymePlan may be counted toward the required 120 payments.

The Standard Repayment Plan for Direct Consolidation Loans is not the same repayment plan as the 10 - Year Standard Repayment Plan, and payments made under the Standard Repayment Plan for Direct Consolidation Loans do not usually qualify for PSLF Repayment Plan for Direct Consolidation Loans is not the same repayment plan as the 10 - Year Standard Repayment Plan, and payments made under the Standard Repayment Plan for Direct Consolidation Loans do not usually qualify for PSLF purpoPlan for Direct Consolidation Loans is not the same repayment plan as the 10 - Year Standard Repayment Plan, and payments made under the Standard Repayment Plan for Direct Consolidation Loans do not usually qualify for PSLF repayment plan as the 10 - Year Standard Repayment Plan, and payments made under the Standard Repayment Plan for Direct Consolidation Loans do not usually qualify for PSLF purpoplan as the 10 - Year Standard Repayment Plan, and payments made under the Standard Repayment Plan for Direct Consolidation Loans do not usually qualify for PSLF Repayment Plan, and payments made under the Standard Repayment Plan for Direct Consolidation Loans do not usually qualify for PSLF purpoPlan, and payments made under the Standard Repayment Plan for Direct Consolidation Loans do not usually qualify for PSLF Repayment Plan for Direct Consolidation Loans do not usually qualify for PSLF purpoPlan for Direct Consolidation Loans do not usually qualify for PSLF purposes.

If you are seeking PSLF, the best option would be to repay your Direct Consolidation Loan under an income - driven repayment plan.