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.
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.
With an income - based repayment program, borrowers with Direct
Stafford loans of any kind, PLUS loans to students, or consolidation loans not including Parent PLUS loans have monthly payments capped at ten or 15 percent of discretionary income.
The Revised Pay As You Earn or REPAYE program is available to borrowers who have outstanding Direct
Stafford loans of any kind, PLUS loans (for students only) or consolidation loans that do not include PLUS loans made to parents.
Not exact matches
Teachers can take out several
kinds of federally backed
loans:
Stafford loans, Perkins
loans or Grad PLUS
loans.
Unsubsidized
Stafford Loans are not need - based, meaning any student who submits the FAFSA is eligible to receive this
kind of aid.