Sentences with phrase «of the repayment period»

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

Additional circumstances exist indicating that this state of affairs is likely to persist for a significant portion of the repayment period of the student loans.

Some plans reduce your monthly payment by extending the length of the repayment period for student education loans, while others adjust your monthly payment based on your income.

Additional circumstances exist indicating that this state of affairs is likely to persist for a significant portion of the repayment period of the loan.

The amount applied to interest will generally be greater towards the beginning of the repayment period and will decrease as time goes on.

Fixed rates remain set for the entire duration of your repayment period and your monthly payment stays the same.

Consolidation might help you if you need to reduce payments on your loan through an extension of the repayment period.

Use a loan calculator to estimate how much total interest will accrue over the course of the repayment period.

Your hardship is likely to continue for all or most of your repayment period, and you are unable to change your circumstances.

If your payment is a graduated amount, the payment will start off low and gradually increase over the life of the repayment period.

For debt consolidation, you may choose a range of repayment periods based on the taken loan amount.

These variable rates may offer lower monthly payments at first, but during the rest of the repayment period the payments may change and may be higher.

If you can, you should attempt to send in more than the monthly minimum as you will end up paying less over the term of the 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.

What impacts the amount of the monthly payment the most is two factors, the length of the repayment period on the loan, and the interest rate.

Conversely, the amount applied to the principal will be less towards the beginning of the repayment period and will increase towards the end.

Fixed rates remain set for the entire duration of your repayment period and your monthly payment stays the same.

Interest continues to accrue during any extension of a repayment period.

Under a graduated repayment plan, payments start out low and increase during the course of the repayment period.

Fixed rate mortgages offer stability through the life of the repayment period.

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.»

The length of your repayment period depends on your total education loan indebtedness.

Graduated Repayment A schedule where the monthly payments are smaller at the start of the repayment period and gradually become larger.

(A) and inserted «(exclusive of any applicable suspension of the repayment period)» after «before five years» in subpar.

Other mitigating circumstances exist that this situation will persist for much of the repayment period of the student loans

An unamortized loan, on the other hand, would consist of interest - only payments during the bulk of the repayment period and end with a balloon payment for the remaining principal.

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 for PSLF.

The Extended Repayment Plan is the same length of repayment period as the income - driven repayment plans.

The payments are based on what you can afford and, at the completion of your repayment period, the remainder of your debt is erased forever!

Let's look at how a range of repayment period options (with the same interest rate of 6.50 %) affects the total cost of your student loan.

1987): (1) At current income and expense levels, the debtor would not be able to maintain a «minimal standard of living» if required to repay the student loans; (2) additional circumstances indicate that this financial condition is likely to continue for a substantial part of the repayment period; and (3) the debtor has made «good faith efforts to repay the loans.»

At least 12 months of the repayment period must have elapsed, and you must have made all required payments on time.

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.

Debtor is permanently disabled and his lack of income or resources with which to pay the Student Loans is likely to persist for a significant portion of the repayment period of the Student Loans so any payments could only be made at great hardship to Debtor and his dependants.

The first student loan reforms took place in 1976 as an amendment to the Higher Education Act and required that debtors wait five years from the beginning of their repayment period, or demonstrate undue hardship, before their student loans were eligible for discharge in bankruptcy.

When you sign up for an IDR plan, your payments may not stay the same for the duration 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.

For our student loans, accrued interest capitalizes at the start of the repayment period - since we do not charge fees, and assuming you make all your scheduled payments on time, the repayment period APR will be equal to the interest rate.

1987), requires a debtor to show inability to maintain a «minimal standard of living» if forced to continue loan payments, circumstances that make the current situation likely to persist for much of the repayment period, and «good faith efforts» at repayment.

This will guarantee that the entire length of the repayment period is covered.

The agreement implied austerity measures and included the extension of the repayment period to 15 years, the lowering of the interest rate to 3.5 % and a 53.5 % haircut accepted by the private bondholders.

Most bankruptcy courts have adopted a three - part test to establish undue hardship, known as the Brunner test: (1) inability to maintain a «minimal standard of living» if forced to repay the loans, (2) likelihood that the conditions preventing repayment will persist for most of the repayment period, and (3) «good faith efforts» by the debtor to repay the loans.

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.

Based on vehicle equity and the ability to repay the loan, LoanMart allows users full - use and funding, while they take over as lienholder on the vehicle title as a form of collateral, but only over the course of the 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.

Although all four income - driven plans allow you to make a monthly payment based on your income, the plans differ in terms of who qualifies, how much you have to pay each month, the length of the repayment period, and the types of loans that can be repaid under the plan.

When considering supplemental loan programs, careful attention should be given to the interest rate (whether it is fixed or variable), to the length of the repayment period, to any borrower benefits (such as interest rate reductions and services) and to the deferment options.