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An amount that is affordable based on your income and family size. What federal student loans are eligible to be repaid under the Pay As You Earn plan? Only loans made under the Direct Loan Program are eligible for repayment under Pay As You Earn. ... View Doc
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Income Based Repayment (IBR)
Income based repayment (IBR) is a new repayment plan for federal student loans. based on household income* and family size rather than student loan balance. Eligible loans include Stafford, Grad PLUS and federal consolidation loans. ... Retrieve Doc
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Student loans, Stafford loans, private loans: Your EFC is tied to your age, income, assets, number of student s in college, and family size. Despite having a modest income, your income allowance is relatively small based on your age. ... Read Article
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Plan that is available to most borrowers of federal student loans. We have grouped the Q&As into six categories: General Information, Eligible Loans, family size if you provide more than half of the child’s financial support, regardless of who claims the ... Return Document
Income-Based (IBR) / Pay As You Earn / Income-Contingent (ICR ...
SECTION 4: FAMILY SIZE AND FEDERAL TAX INFORMATION 7. Enter your family size (as defined in Section 8). Note: If you do not enter your family size, your loan holder(s) will assume a family size of one. your federal student loans, ... Read More
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If you're married), family size, and the total amount of your Direct Loans. Under the ICR plan you will pay each month the lesser of: 1. student loans after you have made 120 payments on loans under certain repayment plans while employed ... Read More
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