Sentences with phrase «forgive certain percentages»
The all - or - nothing system is being nullified; in its place, there is a new system where the government can forgive certain percentages of a loan.
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Under the income - based repayment plans, the payment due is a percentage of the borrower's income, and after a certain number of qualifying payments (generally 20 years), the remaining loan balance is forgiven.
I favor a system where students in publicly funded institutions make a commitment: if they do well in the private sector, they will revert a certain percentage of their income to the education sector; and if they devote some years to public service, their debt will be forgiven.
Income - driven repayment (IDR) plans allow a student borrower to make a student loan payment based on a percentage of the borrower's discretionary income; the remaining balance of student loans will be forgiven after a certain number of years in repayment.
In one kind, called income - driven repayment (IDR) plans, after borrowers make monthly payments (which are calculated as a percentage of income) for a certain period, usually 20 years, the outstanding balance of their loans is forgiven.
Under the income - based repayment plans, the payment due is a percentage of the borrower's income, and after a certain number of qualifying payments (generally 20 years), the remaining loan balance is forgiven.