Sentences with phrase «paid under the standard plan»

Not exact matches

Failure to recertify on time can result in your monthly payment reverting to the amount you would pay under the Standard 10 - year repayment plan, which may be significantly higher than your monthly payment on an IDR plan.

NOTE: Payments you make under a 10 - year Standard Repayment Plan or under any other Direct Loan Program repayment plan with payments that are at least equal to what you would have been required to pay under the 10 - year Standard Repayment plan also count toward PPlan or under any other Direct Loan Program repayment plan with payments that are at least equal to what you would have been required to pay under the 10 - year Standard Repayment plan also count toward Pplan with payments that are at least equal to what you would have been required to pay under the 10 - year Standard Repayment plan also count toward Pplan also count toward PSLF.

Under these plans, your monthly payment amount will be based on your income and family size when you first begin making payments, and at any time when your income is low enough that your calculated monthly payment amount would be less than the amount you would have to pay under the 10 - year Standard Repayment Under these plans, your monthly payment amount will be based on your income and family size when you first begin making payments, and at any time when your income is low enough that your calculated monthly payment amount would be less than the amount you would have to pay under the 10 - year Standard Repayment under the 10 - year Standard Repayment Plan.

Under current policy, if you choose to leave the IBR plan, you will be required to pay under the standard repayment Under current policy, if you choose to leave the IBR plan, you will be required to pay under the standard repayment under the standard repayment plan.

Depending on how your income changes over time, you may pay more in total than you would under some other repayment plans, such as the 10 - year standard plan.

Under a standard repayment plan, you simply pay what you owe on a regular schedule.

If you earn a decent salary and keep up with payments under a standard repayment plan, the majority of your loans will be paid off by the end of the ten - year window, minimizing its benefit to you.

The downsides of choosing the extended repayment plan are that you'll never be eligible for loan forgiveness as you would with the Pay As You Earn plan, and you'll end up paying a lot more interest over the life of the loan than you would under a standard 10 - year repayment plan.

In that time, you'll pay more in interest than under the standard plan.

The users can access many of the features that Date Positive has to offer without paying anything under the standard membership plan.

For a teacher earning the average starting salary of $ 36,141 with a typical undergraduate loan balance, enrolling in an income - based plan would save her as much as $ 200 a month: she'd pay $ 100 — 150, compared to $ 300 under the standard 10 - year repayment plan.

Under the plan, parents meeting income guidelines receive state grants of up to $ 6,600 to pay for their 4 - year - old child to attend a public, private or religious prekindergarten program meeting state quality standards.

A standard unlimited plan costs just under ten dollars a month and allows unlimited numbers of reads in each paid period.

To qualify, the payment you'd be required to make under either plan must be less than what you'd pay on a 10 - year Standard Repayment plan.

Most borrowers enter repayment under a standard payment plan that pays off the loan in equivalent monthly payments over the full term of the loan, but you may be able to choose a different plan that works better for your current situation.

Failure to recertify on time can result in your monthly payment reverting to the amount you would pay under the Standard 10 - year repayment plan, which may be significantly higher than your monthly payment on an IDR plan.

With millions of graduates struggling to find work that pays a decent salary, many people are unable to make their loan payments under the standard repayment plan.

Under a 10 - year Standard Repayment Plan, a social worker will be paying about $ 415 a month toward student loans — barely affording other living expenses.

To qualify for such a plan, you need to show the monthly amount you'd have to pay under a standard repayment plan is higher than the amount under pay as you earn.

«If the payment amount based on your income and family size ever increases to the point that it is higher than the amount you would have to pay under the 10 - year Standard Repayment Plan, your payment will no longer be based on your income and family size.

For both plans, the amount that would be due under a 10 - year Standard Repayment Plan is calculated based on the greater of the amount owed on your eligible loans when you originally entered repayment, or the amount owed at the time you selected the IBR or Pay As You Earn pPlan is calculated based on the greater of the amount owed on your eligible loans when you originally entered repayment, or the amount owed at the time you selected the IBR or Pay As You Earn planplan.

No matter how much your income increases, you won't be obligated to pay more each month than the amount you would have paid under a 10 - year standard repayment plan.

For Pay As You Earn, a circumstance in which the annual amount due on your eligible loans, as calculated under a 10 - year Standard Repayment Plan, exceeds 10 percent of the difference between your adjusted gross income (AGI) and 150 percent of the poverty line for your family size in the state where you live.

We cover it in more detail here, but basically, your lender doesn't report the amount you actually pay as your minimum payment, but rather, they report your payment under the standard repayment plan.

Income - Based Repayment Plan (IBR Plan): This plan is for you if you are Direct Loan Program and FFEL Program borrower and your payment amount under this plan is less than what you would pay under the 10 - year Standard Repayment PPlan (IBR Plan): This plan is for you if you are Direct Loan Program and FFEL Program borrower and your payment amount under this plan is less than what you would pay under the 10 - year Standard Repayment PPlan): This plan is for you if you are Direct Loan Program and FFEL Program borrower and your payment amount under this plan is less than what you would pay under the 10 - year Standard Repayment Pplan is for you if you are Direct Loan Program and FFEL Program borrower and your payment amount under this plan is less than what you would pay under the 10 - year Standard Repayment Pplan is less than what you would pay under the 10 - year Standard Repayment PlanPlan.

The main disadvantage of this income based repayment plan is that, you will end up paying more for your loan over time than you would under the 10 - year Standard Repayment Pplan is that, you will end up paying more for your loan over time than you would under the 10 - year Standard Repayment PlanPlan.

Other PSLF - qualifying repayment plans are the 10 - Year Standard Repayment Plan or any other repayment plan where your monthly payment amount equals or exceeds what you would pay under a 10 - Year Standard Repayment PPlan or any other repayment plan where your monthly payment amount equals or exceeds what you would pay under a 10 - Year Standard Repayment Pplan where your monthly payment amount equals or exceeds what you would pay under a 10 - Year Standard Repayment PlanPlan.

When the average person leaves school with federal student loan debt, they have 10 years to pay back their loans under a Standard Repayment Plan.

However, REPAYE's barriers to excluding spousal income, along with REPAYE's lack of a payment «cap» at the amount a borrower would pay under the standard repayment plan, may nonetheless make IBR a better option for some married borrowers — especially those with graduate school debt who face a 25 - year repayment period under either plan.

PROSPER offers two repayment plans: a standard 10 - year amortized plan and an IDR plan in which one pays the amount one would have paid under the standard 10 - year plan over some indeterminate time based on the borrower's income.

Your monthly payments will be recalculated so that they are what you would pay under the 10 - year Standard Repayment Plan.

You will qualify for the IBR if the combined monthly amount you are required to pay on your eligible student loans under the 10 - year standard repayment plan is higher than the monthly amount you would be required to pay under IBR.

** Any other Direct Loan repayment plan, but only payments that are at least equal to the monthly payment amount that would have been paid under the Standard Repayment Plan with a 10 - year repayment period may be counted toward the required 120 monthly paymeplan, but only payments that are at least equal to the monthly payment amount that would have been paid under the Standard Repayment Plan with a 10 - year repayment period may be counted toward the required 120 monthly paymePlan with a 10 - year repayment period may be counted toward the required 120 monthly payments.

The longer repayment term means you pay back much more in interest than you would under the Standard Repayment Plan.

Your monthly payments will be 10 percent of discretionary income, but never more than you would have paid under the 10 - year Standard Repayment Plan.

Your monthly payments will be either 10 or 15 percent of discretionary income (depending on when you received your first loans), but never more than you would have paid under the 10 - year Standard Repayment Plan.

Many college borrowers tried to repay their loans under DOE's standard 10 - year plan but couldn't find jobs that paid enough to service their monthly loan payments.

Well, if the amount you'd be paying with a Standard Repayment Plan is higher than what you'd be required to pay under Pay As You Earn, then you would be eligibpay under Pay As You Earn, then you would be eligibPay As You Earn, then you would be eligible.

John and Elizabeth would have paid $ 4,384.11 if they continued paying under the Standard 10 - year plan.

According to the U.S. Department of Education, if your income were to rise substantially, you may eventually pay more under REPAYE than you would under the 10 - year Standard Repayment Plan.

Instead, your required monthly payment amount will be the amount you would pay under a Standard Repayment Plan with a 10 - year repayment period, based on the loan amount you owed when you initially entered the income - driven repayment pPlan with a 10 - year repayment period, based on the loan amount you owed when you initially entered the income - driven repayment planplan.

Under these plans, your monthly payment amount will be based on your income and family size when you first begin making payments, and at any time when your income is low enough that your calculated monthly payment amount would be less than the amount you would have to pay under the 10 - year Standard Repayment Under these plans, your monthly payment amount will be based on your income and family size when you first begin making payments, and at any time when your income is low enough that your calculated monthly payment amount would be less than the amount you would have to pay under the 10 - year Standard Repayment under the 10 - year Standard Repayment Plan.

Therefore, if at some point in the future your income changes and you're no longer able to pay the minimum required under the Standard Repayment Plan, you have the option to pay less.

While payments under other types of Direct Loan plans, like the 10 - year Standard Repayment Plan, do qualify and count toward your 120 payments, you'll want to switch to an income - driven plan as soon as possible — because if you stick with a standard 10 - year repayment, you'll have paid off your loan in full after 10 years with nothing left to be forgiven undStandard Repayment Plan, do qualify and count toward your 120 payments, you'll want to switch to an income - driven plan as soon as possible — because if you stick with a standard 10 - year repayment, you'll have paid off your loan in full after 10 years with nothing left to be forgiven under PPlan, do qualify and count toward your 120 payments, you'll want to switch to an income - driven plan as soon as possible — because if you stick with a standard 10 - year repayment, you'll have paid off your loan in full after 10 years with nothing left to be forgiven under Pplan as soon as possible — because if you stick with a standard 10 - year repayment, you'll have paid off your loan in full after 10 years with nothing left to be forgiven undstandard 10 - year repayment, you'll have paid off your loan in full after 10 years with nothing left to be forgiven under PSLF.

If this borrower had total eligible student loan debt of $ 25,000 when the loans initially entered repayment, and the loan balance had increased to $ 30,000 when the borrower requested Pay As You Earn, the calculated monthly repayment amount under a 10 - year standard plan would be based on the higher of the two amounts.

Without a lower payment, the $ 700 / month I would have needed to pay to student loans under standard repayment plans would have disqualified me from having the debt / income ratio to buy a house.

If that amount is lower than the monthly payment you would be required to pay on your eligible loans under a 10 - year Standard Repayment Plan, then you are eligible to repay your loans under the Pay As You Earn plpay on your eligible loans under a 10 - year Standard Repayment Plan, then you are eligible to repay your loans under the Pay As You Earn pPlan, then you are eligible to repay your loans under the Pay As You Earn plPay As You Earn planplan.

If you do not provide the documentation, your monthly payment amount will be the amount you would be required to pay under a 10 - year Standard Repayment Plan, based on the amount you owed when you began repaying under Pay As You Eapay under a 10 - year Standard Repayment Plan, based on the amount you owed when you began repaying under Pay As You EaPay As You Earn.

If the combined monthly amount you and your spouse would be required to pay under Pay As You Earn is lower than the combined monthly amount you and your spouse would pay under a 10 - year Standard Repayment Plan, you and your spouse are eligible for Pay As You Eapay under Pay As You Earn is lower than the combined monthly amount you and your spouse would pay under a 10 - year Standard Repayment Plan, you and your spouse are eligible for Pay As You EaPay As You Earn is lower than the combined monthly amount you and your spouse would pay under a 10 - year Standard Repayment Plan, you and your spouse are eligible for Pay As You Eapay under a 10 - year Standard Repayment Plan, you and your spouse are eligible for Pay As You EaPay As You Earn.

If you earn a decent salary and keep up with payments under a standard repayment plan, the majority of your loans will be paid off by the end of the ten - year window, minimizing its benefit to you.