Diese Präsentation wurde erfolgreich gemeldet.
Wir verwenden Ihre LinkedIn Profilangaben und Informationen zu Ihren Aktivitäten, um Anzeigen zu personalisieren und Ihnen relevantere Inhalte anzuzeigen. Sie können Ihre Anzeigeneinstellungen jederzeit ändern.
Repay with income driven repayment
plan
Almost all student loans are eligible for at least once
income driven repayment plan. If your income is low
your payment c...
Revised Pay as you earn repayment program
Pay as your earn repayment program
Income based repayment plan
Income contingent...
The Revised Pay As You Earn (REPAYE)
Repayment Plan helps make student loan
payments more affordable. This plan is availab...
The Pay As You Earn Repayment Plan or PAYE is
a lesser known Loan Repayment program that
was passed by President Obama on ...
Income-Based Repayment (IBR) is the most
widely available income-drivenrepayment (IDR)
plan for federal student loans that...
The Income Contingent Repayment (ICR) plan is
designed to make repaying education loans easier
for students who intend to ...
Nächste SlideShare
Wird geladen in …5
×

Income Driven Loan Repayment - Grads First

136 Aufrufe

Veröffentlicht am

High federal student loan repayments? Repay with income driven repayment plans.

Veröffentlicht in: Bildung
  • Als Erste(r) kommentieren

Income Driven Loan Repayment - Grads First

  1. 1. Repay with income driven repayment plan
  2. 2. Almost all student loans are eligible for at least once income driven repayment plan. If your income is low your payment could be as low as $0 per month. This is also called loan forgiveness program but there are certain conditions to it. However if you have a good loan documentation expert than you can heavily reduce the repayment amount or even bring down to zero.
  3. 3. Revised Pay as you earn repayment program Pay as your earn repayment program Income based repayment plan Income contingent repayment plan
  4. 4. The Revised Pay As You Earn (REPAYE) Repayment Plan helps make student loan payments more affordable. This plan is available only to borrowers with Department of Education- owned loans (account number starts with an E) disbursed under the Federal Direct Loan Program (FDLP). The REPAYE Repayment Plan caps regular monthly payments at 10% of your discretionary income or, if married, 10% of your combined discretionary income.
  5. 5. The Pay As You Earn Repayment Plan or PAYE is a lesser known Loan Repayment program that was passed by President Obama on December 21st 2012, and was his first piece of legislation to assist those with federal student loans. Currently, PAYE only applies to federal student loans that were disbursed on or after the Oct. 1, 2007 and you must not have had a balance on a Direct Loan or FFEL loan when you received the loan after Oct. 1st, 2007.
  6. 6. Income-Based Repayment (IBR) is the most widely available income-drivenrepayment (IDR) plan for federal student loans that has been available since 2009.Income- driven repayment plans can help borrowers keep their loan payments affordable with payment caps based on their income and family size.
  7. 7. The Income Contingent Repayment (ICR) plan is designed to make repaying education loans easier for students who intend to pursue jobs with lower salaries, such as careers in public service. It does this by pegging the monthly payments to the borrower's income, family size, and total amount borrowed.

×