Sentences with phrase «end of one's repayment period»

Because of these factors, you may fully repay your loan before the end of your repayment period.

In addition, under current Internal Revenue Service rules, you may be required to pay income tax on any amount that's forgiven if you still have a remaining balance at the end of your repayment period.

Whether you will have a balance left to be forgiven at the end of your repayment period depends on a number of factors, such as how quickly your income rises and how large your income is relative to your debt.

Under all four plans, any remaining loan balance is forgiven if your federal student loans aren't fully repaid at the end of the repayment period.

The trade - off for lower interest - only payments is that towards the end of the repayment period, you will have a balloon payment that will go towards principal.

In addition, under current Internal Revenue Service (IRS) rules, you may be required to pay income tax on any amount that is forgiven if you still have a remaining balance at the end of your repayment period for an income - driven repayment plan.»

Your repayment plan will continue for a period of 3 - 5 years (depending on the individual circumstances of your case) and at the end of your repayment period, any remaining unsecured debt you have left is discharged — erased, eliminated, wiped away — forever!

Your car title is returned to you at the end of the repayment period.

Under each of these plans, any remaining debt is forgiven at the end of the repayment period.

If your federal student loan isn't fully repaid at the end of the repayment period, which is either 20 or 25 years depending on the type of income - driven repayment plan you have, any balance that remains is automatically forgiven.

At the end of the repayment period, the remaining debt you owe may be discharged.

Under the second alternative, all borrowers for graduate school in an IDR plan would eventually pay more than they would otherwise, and more of those borrowers would completely pay off their debt before the end of the repayment period.

At the end of the repayment period, you must make a substantially larger payment to retire the debt.

So, after making payments, the balance would be paid in full at the end of the repayment period.

Regular fees are charged at the end of each repayment period, prior to the repayment being made.

A different thing happens with variable rates, you may be able to get a really low rate for the beginning, and this may be excellent if you have a short repayment term for your loan, but if you have chosen a long repayment term, your variable rate may have gone to high by the end of the repayment period.

In case you are unable to fully pay off your loan at the end of the repayment period, your remaining balance will be forgiven.

Borrowers who make regular payments but do not pay off their loans by the end of the repayment period will have their loans forgiven, but the cancelled debt is taxable to them as income.

Finally, some lenders will forgive the last five or six payments at the end of the repayment period.

Thus at the end of your repayment period — 20 or 25 years from now — one of two things will happen.

In addition, under current Internal Revenue Service rules, you may be required to pay income tax on any amount that's forgiven if you still have a remaining balance at the end of your repayment period.

Under all four plans, any remaining loan balance is forgiven if your federal student loans aren't fully repaid at the end of the repayment period.

Whether you will have a balance left to be forgiven at the end of your repayment period depends on a number of factors, such as how quickly your income rises and how large your income is relative to your debt.

Because of these factors, you may fully repay your loan before the end of your repayment period.

Under current IRS rules, you may be required to pay income tax on any amount that is forgiven if you still have a remaining balance at the end of your repayment period for any of these plans.

At the end of the repayment period, the remainder of the individual's unsecured debts are discharged.

Surely, your career is more important than getting some of your student loan debt lopped off at the end of your repayment period?

This means that if you run into tough financial times before the end of the repayment period and stop paying on the personal loan, at least you aren't in danger of losing your home because of it.

At the end of the repayment period, if all payments have been made according to the plan, remaining unsecured, dischargeable debt may be discharged.

A Promissory Note with Balloon Payments can help document and clarify the terms of a loan that's designed to have one or more larger payments due at the end of the repayment period.