Sentences with phrase «year repayment term after»

Not exact matches

Under the terms of the deal, Maya Mountain will begin repayments after a two - year grace period.

Also, interest - only borrowers can face a marked step - up in their required repayments once they come off the interest - only period (after the first few years of the loan term).

Since it takes the average student many years to repay student loan debt in British Columbia and since it can be difficult to obtain long - term, sustainable employment in their chosen career, it is not surprising that after years of struggle many discover that they are not able to keep up with their student loan repayment obligation and find the outstanding balance prohibitive, limiting their lives accordingly.

This repayment plan provides for smallerthannormal monthly payments for the first few years (usually 5 years), which gradually increase each year, and then level off after the end of the «graduation period» to largerthannormal payments for the remaining term of the loan.

If the program will extend beyond that, the standard repayment term will kick in after a maximum of 54 months (four years and a 6 month extension intended for the time period between completing residency and becoming an attending).

However, the NBER paper suggests that when low - income borrowers attend less selective schools that are still in the middle of the road in terms of economic mobility, about half end up earning more than $ 25,000 a year after entering repayment.

After residency, five different repayment terms are offered, ranging from five to twenty years.

«Students should calculate the monthly loan payments assuming a 10 - year repayment term and consider how this will affect their lifestyle after graduation,» he says.