![]() Offers monthly payment based on discretionary income and family size.This plan will no longer be available after July 1, 2024. Must be a new borrower on or after and have a Direct Loan disbursement on or after.If balance remains at the end of the term, balance is forgiven however, amount forgiven is taxable. Partial Financial Hardship (PFH) is needed to qualify to enter the plan.While in this plan, capitalization cannot exceed 10% of the loan balance when entering the plan.Monthly payment capped at 10% of borrower's income annual discretionary income (based on family size and Adjusted Gross Income or AGI). ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |