Sentences with phrase «amount under the standard repayment plan»

If your payment amount under the Standard Repayment Plan is unmanageable, call us at [phone] to speak with an experienced customer service representative to find the best plan for you.

The minimum monthly payment amount under the Standard Repayment Plan will be equal to the amount necessary to repay the loan in full by the end of the repayment term.

Generally speaking, your payment amount under this plan will be 10 percent of your after - tax (discretionary) income, but will never exceed the monthly payment amount under the standard repayment plan.

If you were a new borrower on or after July 1, 2014, then your payment amount under this plan will be 10 percent of your after - tax (discretionary) income, but will never exceed the monthly payment amount under the standard repayment plan.

If your loans originated before then, the payment amount under this plan will be 15 percent of your after - tax (discretionary) income, but will never exceed the monthly payment amount under the standard repayment plan.

Eligible Federal Loans Monthly Payments for Federal Education Loans Except Consolidation Loans Monthly Payments for Consolidation Loans Using the Repayment Estimator to Estimate Your Eligibility and Payment Amount Under the Standard Repayment Plan

Not exact matches

Failure to recertify on time can result in your monthly payment reverting to the amount you would pay under the Standard 10 - year repayment plan, which may be significantly higher than your monthly payment on an IDR plan.

If you miss the filing deadline, your payments may jump up to the amount they were under a Standard Repayment Plan.

Under these plans, your monthly payment amount will be based on your income and family size when you first begin making payments, and at any time when your income is low enough that your calculated monthly payment amount would be less than the amount you would have to pay under the 10 - year Standard Repayment Under these plans, your monthly payment amount will be based on your income and family size when you first begin making payments, and at any time when your income is low enough that your calculated monthly payment amount would be less than the amount you would have to pay under the 10 - year Standard Repayment under the 10 - year Standard Repayment Plan.

Failure to recertify on time can result in your monthly payment reverting to the amount you would pay under the Standard 10 - year repayment plan, which may be significantly higher than your monthly payment on an IDR plan.

To qualify for such a plan, you need to show the monthly amount you'd have to pay under a standard repayment plan is higher than the amount under pay as you earn.

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.

Payments made under the Standard Repayment Plan for Direct Consolidation Loans would qualify for PSLF purposes only if the maximum repayment period was set at 10 years, and that would be the case only if the total amount of the consolidation loan and your other education loan debt was less thanRepayment Plan for Direct Consolidation Loans would qualify for PSLF purposes only if the maximum repayment period was set at 10 years, and that would be the case only if the total amount of the consolidation loan and your other education loan debt was less thanrepayment period was set at 10 years, and that would be the case only if the total amount of the consolidation loan and your other education loan debt was less than $ 7,500.

This longer repayment period generally results in a lower monthly payment than the monthly payment amount required under the 10 - Year Standard Repaymrepayment period generally results in a lower monthly payment than the monthly payment amount required under the 10 - Year Standard RepaymentRepayment Plan.

Therefore, payments made during the later portion of the repayment period under the Graduated Repayment Plan may in some cases equal or exceed the payment amount that would be required under a 10 - Year Standard Repayment Plan, and these payments would count repayment period under the Graduated Repayment Plan may in some cases equal or exceed the payment amount that would be required under a 10 - Year Standard Repayment Plan, and these payments would count Repayment Plan may in some cases equal or exceed the payment amount that would be required under a 10 - Year Standard Repayment Plan, and these payments would count Repayment Plan, and these payments would count for PSLF.

Payments can be made through any one or combination of eligible repayment plans, including income - driven repayment, ten year standard plan payments, or graduated or extended payments of not less than the monthly amount that would be due under a ten year standard plan.

«If the payment amount based on your income and family size ever increases to the point that it is higher than the amount you would have to pay under the 10 - year Standard Repayment Plan, your payment will no longer be based on your income and family size.

For both plans, the amount that would be due under a 10 - year Standard Repayment Plan is calculated based on the greater of the amount owed on your eligible loans when you originally entered repayment, or the amount owed at the time you selected the IBR or Pay As You ERepayment Plan is calculated based on the greater of the amount owed on your eligible loans when you originally entered repayment, or the amount owed at the time you selected the IBR or Pay As You Earn pPlan is calculated based on the greater of the amount owed on your eligible loans when you originally entered repayment, or the amount owed at the time you selected the IBR or Pay As You Erepayment, or the amount owed at the time you selected the IBR or Pay As You Earn planplan.

No matter how much your income increases, you won't be obligated to pay more each month than the amount you would have paid under a 10 - year standard repayment plan.

For Pay As You Earn, a circumstance in which the annual amount due on your eligible loans, as calculated under a 10 - year Standard Repayment Plan, exceeds 10 percent of the difference between your adjusted gross income (AGI) and 150 percent of the poverty line for your family size in the state where you live.

We cover it in more detail here, but basically, your lender doesn't report the amount you actually pay as your minimum payment, but rather, they report your payment under the standard repayment plan.

However, if you're having difficulty making payments, specifically due to the amount of your student loan (under any standard repayment method), Obama's PAYE plan or IBR (Income Based Repayment) may make the most senserepayment method), Obama's PAYE plan or IBR (Income Based Repayment) may make the most senseRepayment) may make the most sense for you.

Income - Based Repayment Plan (IBR Plan): This plan is for you if you are Direct Loan Program and FFEL Program borrower and your payment amount under this plan is less than what you would pay under the 10 - year Standard Repayment PPlan (IBR Plan): This plan is for you if you are Direct Loan Program and FFEL Program borrower and your payment amount under this plan is less than what you would pay under the 10 - year Standard Repayment PPlan): This plan is for you if you are Direct Loan Program and FFEL Program borrower and your payment amount under this plan is less than what you would pay under the 10 - year Standard Repayment Pplan is for you if you are Direct Loan Program and FFEL Program borrower and your payment amount under this plan is less than what you would pay under the 10 - year Standard Repayment Pplan is less than what you would pay under the 10 - year Standard Repayment PlanPlan.

Under Income - Based Repayment Plan (IBR Plan), your monthly payment is 10 or 15 per cent of your discretionary income if you're a new borrower on or after July 1, 2014, but never more than the 10 - year Standard Repayment Plan amount.

That list should include the amount owed and the repayment schedule, which is calculated over 10 years under the Standard Repaymrepayment schedule, which is calculated over 10 years under the Standard RepaymentRepayment Plan.

Other PSLF - qualifying repayment plans are the 10 - Year Standard Repayment Plan or any other repayment plan where your monthly payment amount equals or exceeds what you would pay under a 10 - Year Standard Repaymrepayment plans are the 10 - Year Standard Repayment Plan or any other repayment plan where your monthly payment amount equals or exceeds what you would pay under a 10 - Year Standard RepaymRepayment Plan or any other repayment plan where your monthly payment amount equals or exceeds what you would pay under a 10 - Year Standard Repayment PPlan or any other repayment plan where your monthly payment amount equals or exceeds what you would pay under a 10 - Year Standard Repaymrepayment plan where your monthly payment amount equals or exceeds what you would pay under a 10 - Year Standard Repayment Pplan where your monthly payment amount equals or exceeds what you would pay under a 10 - Year Standard RepaymentRepayment PlanPlan.

If that amount is less than the monthly amount required under the standard 10 - year repayment plan, that student would be eligible for IBR.

For these borrowers, PAYE and the IBR offer very similar terms, though PAYE is slightly more borrower - friendly for two reasons: (1) if a borrower no longer has a partial financial hardship, all outstanding interest is capitalized under IBR but the amount of interest capitalized is capped under PAYE; (2) borrowers in IBR who wish to change to another repayment plan must jump through a procedural hoop of spending at least one month in the standard repayment plan before switching to their desired plan, and borrowers in PAYE face no such switching hurdle.

Forgiveness would occur when a borrower has repaid the same total loan amount they would have repaid under the standard repayment plan (In other words, forgiveness after 20 or 25 years would be eliminated and time to forgiveness would vary by borrower).

As opposed to PAYE, under this plan there is no cap on monthly payment amounts and a borrower could end up making payments that are greater than what would be required under a standard repayment plan.

However, REPAYE's barriers to excluding spousal income, along with REPAYE's lack of a payment «cap» at the amount a borrower would pay under the standard repayment plan, may nonetheless make IBR a better option for some married borrowers — especially those with graduate school debt who face a 25 - year repayment period under either plan.

Repayment under this plan will never result in higher monthly payments than the borrower would have made under a standard repayment plan, because the PAYE payment amount is capped at whatever that amount Repayment under this plan will never result in higher monthly payments than the borrower would have made under a standard repayment plan, because the PAYE payment amount is capped at whatever that amount repayment plan, because the PAYE payment amount is capped at whatever that amount would be.

PROSPER offers two repayment plans: a standard 10 - year amortized plan and an IDR plan in which one pays the amount one would have paid under the standard 10 - year plan over some indeterminate time based on the borrower's income.

You will qualify for the IBR if the combined monthly amount you are required to pay on your eligible student loans under the 10 - year standard repayment plan is higher than the monthly amount you would be required to pay under IBR.

** 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 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 paymeplan, 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 Repayment Plan with a 10 - year repayment period may be counted toward the required 120 monthly paymePlan with a 10 - year repayment period may be counted toward the required 120 monthly repayment period may be counted toward the required 120 monthly payments.

(Under the Standard Repayment Plan, payments of a fixed amount are spread out over 120 months.)

According to Equal Justice Works, a partial financial hardship «exists when the annual amount due on all of a borrower's eligible loans, as calculated under a standard 10 year repayment plan, exceeds 15 percent of discretionary income.»

If you miss the filing deadline, your payments may jump up to the amount they were under a Standard Repayment Plan.

Well, if the amount you'd be paying with a Standard Repayment Plan is higher than what you'd be required to pay under Pay As You Earn, then you would be eligible.

Instead, your required monthly payment amount will be the amount you would pay under a Standard Repayment Plan with a 10 - year repayment period, based on the loan amount you owed when you initially entered the income - driven repaymRepayment Plan with a 10 - year repayment period, based on the loan amount you owed when you initially entered the income - driven repayment pPlan with a 10 - year repayment period, based on the loan amount you owed when you initially entered the income - driven repaymrepayment period, based on the loan amount you owed when you initially entered the income - driven repaymentrepayment planplan.

Under these plans, your monthly payment amount will be based on your income and family size when you first begin making payments, and at any time when your income is low enough that your calculated monthly payment amount would be less than the amount you would have to pay under the 10 - year Standard Repayment Under these plans, your monthly payment amount will be based on your income and family size when you first begin making payments, and at any time when your income is low enough that your calculated monthly payment amount would be less than the amount you would have to pay under the 10 - year Standard Repayment under the 10 - year Standard Repayment Plan.

Under the standard repayment plan, payments are made at fixed amounts that amortize over the course of ten years.

If this borrower had total student loan debt of $ 20,000 the calculated monthly repayment amount under a 10 - year standard plan with an interest rate of 6.8 percent would be $ 230.

Your maximum monthly payment amount will be 15 % of your discretionary income but no more than payments under the Standard Repayment Plan.

The repayment amount under a 10 - year standard plan is calculated based upon the total amount borrowed and the applicable interest rate applied over 10 years.

If this borrower had total eligible student loan debt of $ 25,000 when the loans initially entered repayment, and the loan balance had increased to $ 30,000 when the borrower requested Pay As You Earn, the calculated monthly repayment amount under a 10 - year standard plan would be based on the higher of the two amounts.

If that amount is lower than the monthly payment you would be required to pay on your eligible loans under a 10 - year Standard Repayment Plan, then you are eligible to repay your loans under the Pay As You Earn pPlan, then you are eligible to repay your loans under the Pay As You Earn planplan.

If you do not provide the documentation, your monthly payment amount will be the amount you would be required to pay under a 10 - year Standard Repayment Plan, based on the amount you owed when you began repaying under Pay As You Earn.

If the combined monthly amount you and your spouse would be required to pay under Pay As You Earn is lower than the combined monthly amount you and your spouse would pay under a 10 - year Standard Repayment Plan, you and your spouse are eligible for Pay As You Earn.

Under standard or regular repayment plans, if you pay your minimum payment on time each month, every monthly payment amount will remain the same.