Not exact matches
For example, a loan may be
amortized over a specific
period of time, requiring regular
repayments.
To my understanding, I have not been paying the loans back pursuant to any specific payment plan (e.g., IBR, PAYE, graduated
repayment plan, etc.), but on a regular monthly payment plan
amortized over a 30 year
period.
Your
repayment terms are set before your money is issued and your payments are
amortized over a
period of 12 - 36 months.
When you
amortize repayment of a principal
over several years, you might benefit from general inflation during the
period.
Each state's average student loan debt was
amortized over a standard 10 - year
repayment period, assuming an interest rate of 4.00 %.