Sentences with phrase «between federal student loan repayment plans»
Knowing the differences between federal student loan repayment plans and private student loan repayment plans is important.
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Question: Dear Steve, Private Student loan balance: ~ $ 260,000 in private loans between Discover and Sallie May (Average APR is about 8 %) Federal Student loan balance: ~ 110,000 (which I plan to repay using income based repayment) Credit Score:...
You've got a partial financial hardship id your annual federal student loan payments calculated under a ten - year standard repayment plan are greater than 15 % of the difference between your adjusted gross income (and that of a spouse, if you're married and file taxes jointly) and 150 % of the poverty guideline for your family size and state.
Another difference between federal and private student loans is the repayment plans offered.