Sentences with phrase «years of debt repayment»

While this is below the average debt upon graduation of almost $ 30,000, it is important to realize that this is an amount still owing by graduates after several years of debt repayment.

For the first couple of years of debt repayment I simply made the minimum payment, with little thought of how long it would take to actually pay off debt.

Not exact matches

Through its entrepreneur program, SoFi waived his debt repayments of $ 1,825 per month (with interest still accruing) for up to one year.

«Notwithstanding some operational issues in the latter part of the financial year, Karouni still managed to generate a strong cash margin of $ 26 million during its first six months, which assisted with paying down $ 55 million in debt repayments and financing costs.»

For a Wharton MBA borrowing the money on a standard 10 - year repayment plan, the debt amounts to about $ 1,408 in monthly payments, assuming a 6.8 % interest rate and a total of $ 46,618 in interest charges.

Loans take longer to repay: Since you're paying less each month, it will take longer than the typical 10 years on the Standard Repayment Plan to get out of student debt.

Debt interest costs are fully tax deductible as a business expense and in the case of long term financing, the repayment period can be extended over many years, reducing the monthly expense.

With long - term debt financing, the scheduled repayment of the loan and the estimated useful life of the assets extends over more than one year.

I thought everything had to be going towards my debt repayment and because of that I sacrificed several years of retirement planning.

«The effect of this is that, over around 20 years, repayments equivalent to around half of private sector debt — around # 50 billion per year.....

The repayment period is extended to 25 years, after which the remainder of the debt is written off.

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

Staring ahead at years upon years of student loan payments can be depressing, and programs that can cancel out that debt — like Public Service Loan Forgiveness (PSLF) and income - driven repayment — take a decade or more to forgive the loans.

Over half of all dairy farmers have increased their borrowings or deferred debt repayments over the past year to cope with this crisis.

The year before RVP left we sold fabregas and nasri and did not replace them, due to repayments of stadium debt.

They did someting with the finances a few years ago to reduce annual debt repayments of # 77m per year.

By Paul Nicholson March 4 — The five - year long New York court case following the sale of Liverpool Football Club to Fenway Sports Group revealed this week former owner George Gillett Jr is still paying # 125,000 a month in debt repayments for a loan secured against the club, and that the new owners felt that due to the aging playing squad the # 295 million price was in fact an overpayment for the asset.

«This means the state will ensure that 100 percent of a graduate's loan payments for two years are covered so they are not overwhelmed with debt repayments while working to get situated in today's job market.»

Out of an annual income in the range # 27m - # 30m, the affiliation fees constitute about 27 % of income — a very significant proportion, but even if they fell sharply in a year, the party could still meet its minimum annual debt repayment and servicing costs.

A similar agreement was reached eight years later with the Paris Club of creditor nations (the last remaining Argentine debt still in default besides bonds held by holdouts) on debt repayment totaling $ 9 billion including penalties and interest.

In 2002, the mean medical student loan debt was $ 104,000; 6 years later it was up to $ 155,000, and the terms of NIH loan repayment have not changed since its inception.

In 2002, the NIH put in place a series of competitive loan repayment programs (LRPs) offering at least 2 years of tax - free debt relief (up to $ 35 000 per year) for young scientists with significant debt and a serious commitment to clinically oriented research training.19, 20

We find that previously - reported differences in debt at graduation — of about $ 7,400 — are less than one - third of the total black - white debt gap four years later, due to differences in both repayments and new graduate borrowing (we focus primarily on the black - white gap, which is by far the most pronounced).

This amendment further calls for year - round Pell Grants, an expansion of debt repayment options, and additional support for historically black colleges and universities and other minority - serving institutions.

The TIFIA and RRIF statutes give the DOT discretion to defer the commencement of debt service repayments for up to five years after substantial completion.

For someone who has a huge amount of debt to pay off, the maximum repayment term of 15 years can be short.

Chapter 13 bankruptcy is commonly known as a repayment bankruptcy where you pay all or some of your debt in a three to five year repayment plan.

Yep, if you're in debt because of years of spending, shall we say, wildly, then debt repayment mode is going to feel mighty strange and uncomfortable.

An unsecured loan of $ 45,000 can clear these debts, but with a competitive interest rate and a loan term of 10 years, the monthly repayments can be just $ 425 - creating savings of $ 1,125 and making a huge difference to the finances of the borrower.

I've learned that if you make debt repayment just a casual arrangement, and simply think that if there's any money left over at the end of the year, you'll put it towards the mortgage, it won't happen.

With long - term debt financing, the scheduled repayment of the loan and the estimated useful life of the assets extends over more than one year.

Debt interest costs are fully tax deductible as a business expense and in the case of long term financing, the repayment period can be extended over many years, reducing the monthly expense.

For example, debt of $ 50,000 requiring $ 1,000 in repayments each month for 60 months, can be bought out and then repaid at a rate of $ 550 for 120 months (10 years).

For example a debt of $ 100,000 over 30 years may require repayments of just $ 400, as opposed to $ 1,200 over 10 years.

This effectively means that federal loans are bought out, but the repayments are over a longer period of time (perhaps 30 years) and at a fixed interest rate to ensure the process of clearing college debts involves the lowest possible monthly repayments - in some cases 50 % lower than initial terms.

In this plan, borrowers are expected to repay their debt within 10 years of the time their grace period, or the time when repayment is not yet required, ends.

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 thanRepayment 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 thanrepayment 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.

In a Chapter 13 bankruptcy, also known as an adjustment - of - debt plan, the debtor makes partial payments to creditors as part of three - to five - year repayment plan.

Judge Pappas noted that Brunner was decided in 1987, at a time when the bankruptcy code allowed discharge of student loan debts on either of two grounds: first, if the student loans had been in repayment status for five years or more on the date the bankruptcy was filed, or second, if repayment of the student loans would constitute an undue hardship on the debtor.

The College Cost Reduction and Access Act, 9/2007, helps public service lawyers in two main ways: It lowers monthly student loan payments on federally guaranteed student loans (Income Based Repayment or IBR) and secondly, it cancels remaining debt for public servants after 10 years of public service employment.

In that case there are some options to stop the collections activity for the next five years and potentially discharge part of the debt or enter into a reasonable repayment plan if you are sued.

Interestingly enough, education loan debt is written off if the student has not repaid within 25 years of starting repayment.

It would forgive the remaining loan balance after 15 years of repayment for borrowers with only undergraduate debt, and after 30 years for borrowers with any amount of graduate - level debt.

Second, create a debt repayment plan that gets you out of consumer debt in three years or less, even if you have to get a second job.

This is the seventh year in a row that debt repayment topped the list of financial priorities, yet household debt continues to rise.

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.

The standard repayment option for student debt is over the course of ten years, but for students who have more than $ 30,000 borrowed, the monthly payment on this schedule can be a devastating hit to the wallet.

Also known as a reorganization bankruptcy, it enables you to develop a three - to five - year repayment plan to satisfy all or just a portion of your debts.

Repayment periods are between 10 and 30 years depending on the amount of student debt you have.

But this was the seventh year in a row that debt repayment topped the list of financial priorities and yet household debt continues to rise.