Sentences with phrase «demonstrate partial financial hardship»

If you can't demonstrate a partial financial hardship as defined by the Office of Federal Student Aid, you can't qualify.

If you no longer demonstrate a partial financial hardship, you can choose the standard repayment plan and still potentially qualify for some loan forgiveness if you still have a balance after 20 years of combined Pay As You Earn and standard payments.

Your eligibility depends on whether or not you have loans under the Federal Direct Loan Program, whether or not you are considered a «new borrower» (for the purposes of this program, a «new borrower» is defined as someone who both did not owe any money on any federal student loans as of October 1, 2007, and also received a disbursement of a Direct Loan on or after October 1, 2011), and being able to demonstrate partial financial hardship.

You payments are made over a term of up to 20 years, and to qualify you must demonstrate partial financial hardship.

You also need to demonstrate partial financial hardship.

Any new borrower on or after July 1, 2014 with eligible student loans and who demonstrates a partial financial hardship qualifies for New IBR.

Any new borrower on or after October 1, 2007with eligible student loans who received a Direct loan disbursement on or after October 1, 2011 and who also demonstrates a partial financial hardship qualifies for PAYE.

Not exact matches

You also have to demonstrate a «partial financial hardship» — but, as you'll learn below, that doesn't necessarily mean that you can't qualify for Pay As You Earn if you have a job — even a high - paying one.