Sentences with phrase «standard loan amortization schedule»

You'll be eligible for a lower monthly payment on your student loan because your payment will be based on income, rather than a standard loan amortization schedule.

Not exact matches

Under a standard ten - year amortization schedule, these loans would be approaching full repayment, and only about 10 percent of the original balance would remain.»

If you have Stafford loans with a standard, 10 - year amortization schedule, consult with your lender about switching to an extended or graduated repayment plan; while stretching your payments to 25 years will leave you owing more interest in the long run, your overall monthly payments will be cheaper.