Tag: income based

Calculating the Student Loan Payment for the Revised Pay as You Earn Plan [REPAYE]

Question: If a borrower is under the REPAYE program, what payment do we count and how do we document that since it must be re-certified each year? MC Chart – Student Loans – All Agency Guidance Answer: Because the loan payment under the REPAYE will not fully amortize the loan, so the payment that must […]

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