Sentences with phrase «period of qualified payments»

Under this program, the remaining balance of certain student loans may be forgiven (meaning that you will no longer owe money on your loans) after a certain period of qualified payments.

Not exact matches

The Committee shall, promptly after the date on which the necessary financial, individual, or other information for a particular Performance Period becomes available, and in any event prior to the payment of any Incentive Plan Award intended to qualify for the Section 162 (m) Exemption to a Covered Employee, determine and certify the degree to which each of the Performance Goals has been attained.

For example, if you have a period of employment with a nonqualifying employer, you will not lose credit for prior qualifying payments you made.

After you submit an Employment Certification form and your loans have been transferred to FedLoan Servicing (if FedLoan Servicing was not already your loan servicer), and after FedLoan Servicing has determined the number of qualifying payments that you have made during the period of qualifying employment in your Employment Certification form, you will receive a letter telling you the number of qualifying payments you have made.

If we determine that your employment qualifies, we will then review your payment history (including any payments you made to another federal loan servicer before your loans were transferred) to determine how many payments made during the period of employment certified on the Employment Certification form are qualifying monthly payments for PSLF.

The number of qualifying payments you have made will be updated whenever you submit another Employment Certification form that documents a new period of qualifying employment.

Each time we approve an ECF, we will update the count of qualifying payments that you have made to include payments made during the updated period of employment that has been certified.

Instead, Murphy said he has asked Ottawa to consider indexing the RRSP homebuyers plans, or giving more flexibility to qualifying first - time buyers in terms of amortization periods to lower monthly payments.

If the Release Requirements are satisfied, then the portion of any payments that would otherwise have been paid during the period between the Termination Date and the Release Date shall instead be paid as soon as reasonably practicable following the Release Date (or, if the Review Period applies and the Board has notified you that it is reviewing your cessation of employment under the lookback provisions of the Cause definition, the end of the Review Period with regard to payments that qualify as short term deferral under Section 409A of the period between the Termination Date and the Release Date shall instead be paid as soon as reasonably practicable following the Release Date (or, if the Review Period applies and the Board has notified you that it is reviewing your cessation of employment under the lookback provisions of the Cause definition, the end of the Review Period with regard to payments that qualify as short term deferral under Section 409A of the Period applies and the Board has notified you that it is reviewing your cessation of employment under the lookback provisions of the Cause definition, the end of the Review Period with regard to payments that qualify as short term deferral under Section 409A of the Period with regard to payments that qualify as short term deferral under Section 409A of the Code).

In order to qualify, the borrower, alone, must meet the following requirements: (1) Make the required number of consecutive, on - time full principal and interest payments as indicated in the borrower's credit agreement during the repayment period (excluding interest - only payments) immediately prior to the request.

This allows qualified homebuyers to make low initial payments for a set period of time, which is typically 5 to 10 years.

After a wait period of about maybe not even two years of good payment history on your credit since the bankruptcy was filed and a decent income, you may be able to qualify for a mortgage loan much sooner than typical.

Payments made under the Standard Repayment Plan for Direct Consolidation Loans would qualify for PSLF purposes only if the maximum repayment period was set at 10 years, and that would be the case only if the total amount of the consolidation loan and your other education loan debt was less than $ 7,500.

FedLoan Servicing will notify you whether your employment qualifies, and, if so, how many payments during the certification period were qualifying payments, the total number of qualifying payments you have made, and how many payments you must still make before you can qualify for PSLF.

Because it will take at least ten years for you to make the 120 qualifying payments necessary to receive PSLF, we have created a form that you should submit to us and a process that you should follow so that we can assist you in tracking your periods of qualifying employment and your qualifying payments.

You can not begin making qualifying PSLF payments until after your loans have entered repayment at the end of the grace period.

Under the IBR, Pay As You Earn, and ICR plans, your monthly payment amount will likely be lower than under any of the other PSLF - qualifying repayment plans and your repayment period will likely be longer.

Because it will take at least 10 years for you to make the 120 qualifying payments necessary to receive PSLF, we have created an Employment Certification for Public Service Loan Forgiveness form (Employee Certification form) that you should maintain and a process that you should follow so that we can assist you in tracking your periods of qualifying employment and your qualifying payments.

Once properly qualified your sister may be able to add any missed missed mortgage payments, if she has missed any and continue on a new monthly payment plan fixed for a longer period if not the 30 years, and save a month payment with out having the expense or the paper work of a refinance.

You'll have 12 months to recertify (instead of the standard six - month grace period), which could potentially mean 12 months of payments at $ 0 that still qualifies towards your «forgiveness clock.»

If we determine that your employment qualifies, we will then review your payment history (including any payments you made to another federal loan servicer before your loans were transferred) to determine how many payments made during the period of employment certified on the Employment Certification form are qualifying monthly payments for PSLF.

For the dividend to be considered as qualified divident rather than ordinary dividend, therefore subject to the favoriable tax rate, the dividends must be paid by a U.S. corporation or a qualified foreign corporation and the mutual fund that holds the dividend - paying stock must have held the equity for more than 60 days during the 121 - day period that begins 60 days before the ex-dividend date (the first date following the declaration of a dividend on which the buyer of a stock will not receive the next dividend payment.

To qualify for FFEL or Direct Loan rehabilitation, you have to make nine monthly payments within 20 days of the due date during a period of 10 consecutive months.

In the case of a Chapter 13 Bankruptcy, a borrower may qualify for an FHA loan if at least one year of the pay - out period has been completed and the applicant can show a satisfactory payment history during that one year timeframe.

If you have changed jobs during the period when you made the 120 loan payments, each of your employers must certify that your job and employer were qualified for the program.

If you lose your job or leave the workforce temporarily, for example, you may qualify for deferment, which allows you to postpone your federal student loan payments for a period of time.

If you qualify, you can consolidate all of your unsecured debts into one monthly payment over a fixed period of time, often for less than the full amount owing.

Consistent monthly payments over a period of two years will have the greatest overall effect when repairing your credit and trying to qualify for a mortgage.

During the draw period, you have the option to select a minimum monthly payment of either 1 % or 2 % of the outstanding balance, or interest only for those who qualify.

In some cases, you can qualify for an installment loan which allows you to make several smaller payments over a longer period of time.

Qualified students are eligible for up to 54 months of compound - free interest during their residency, and medical residents are required to make $ 100 monthly payments during this time period.

Subsidized Stafford loans are based on financial need, with the students of families with lower incomes qualifying for them, and they forego charging interest while the students are in school, for six months after they graduate and during approved periods when payments are deferred.

A 10,000 Asia Miles will be awarded to you if a total of $ 6,000 CAD or more in qualifying purchases and pre-authorized bill payment transactions is posted to your RBC Cathay Pacific Visa Platinum account within the first 3 full monthly statement periods (approximately 3 months from the date your account is opened), provided your credit card account is in good standing at the time you reach $ 6,000 CAD in qualifying transactions.

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.

After that, it is your basis decreased by the amount of bond premium amortized for earlier periods and the amount of any payment previously made on the bond other than a payment of qualified stated interest.

Although your interest rate remains the same, your monthly payment can change if interest is capitalized following a period of deferment or forbearance, or if you qualify for an interest rate reduction benefit.

A 10,000 Asia Miles will be awarded to you if a total of $ 6,000 CAD or more in qualifying purchases and pre-authorized bill payment transactions is posted to your RBC Cathay Pacific Visa Platinum account within the first 3 full monthly statement periods (approximately 3 months from the date your account is opened), provided your credit card account is in good standing at the time you reach $ 6,000 CAD in qualifying transactions.

The additional 25,000 Avios bonus will be awarded to you if a total of $ 5,000 CAD or more in qualifying purchases and pre-authorized bill payment transactions is posted to your RBC British Airways Visa Infinite account within the first 2 full monthly statement periods (approximately 2 months from the date your account is opened), provided your credit card account is in good standing at the time you reach $ 5,000 CAD in qualifying transactions.

An employee will be a qualifying non-resident employee if the employee (i) is exempt from Canadian tax in respect of the payment because of a tax treaty between Canada and the country of residence of the employee; and (ii) is not present in Canada for 90 days or more in any 12 - month period that includes the time of payment.

In order to qualify for Payment Protection policy, you have to be from18 to 65 years old and be employed at least 16 hours a week on a long - term contract, or be self - employed for a specified period of time.

Having a qualifying need for the use of your policy does not guarantee immediate payment of benefits since most Long Term Care policies have a waiting period, also called an elimination period.

(iii) If a qualified employer is terminated due to lack of premium payment, but within 30 days following its termination the qualified employer requests reinstatement, pays all premiums owed including any prior premiums owed for coverage during the grace period, and pays the premium for the next month's coverage, the Federally - facilitated SHOP must reinstate the qualified employer in its previous coverage.

The AWR gives contingent workers an entitlement to the same basic employment and working conditions as if they had been recruited directly by the hirer, after they complete a qualifying period of 12 weeks in the same job, e.g. pay, benefits, access to facilities, annual leave, bonus payments, etc..

Payment will continue at the current rate (including the increase for the deceased qualified adult) for a period of 6 weeks following the death of the qualified adult, provided the surviving spouse, civil partner or cohabitant is in receipt of one of the payments listed at 1 above.

Where a qualified child dies, payment of an increase in respect of that child continues for a period of 6 weeks after death.

IQC is payable only once at any one time in respect of any child i.e. Section 247 precludes more than one payment in respect of a qualified child in respect of the same period.

Section 247 precludes more than one payment to, or in respect of a qualified child, for the same period, with a limited number of exceptions.

These individuals have been saving for the down payment and the expiration of the waiting period in order to qualify for a mortgage again.

Whether you're qualifying for a $ 500,000 loan, or a $ 5 million mortgage, there is obviously going to be a sizable monthly mortgage payment that the underwriter will want to be sure you can afford over a long period of time.

If you qualify for HAMP, you could get help with a loan modification, which adjusts your interest rate and monthly payment for a period of three monthly mortgage payments.