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About 40 percent of borrowers missed their first student loan payment in October 2023, according to the Department of Education. Though late or missed payments won’t impact borrowers’ credit ...
For instance, employers who offer student loan repayment assistance can do so tax-free up to the $5,250 limit. Plus, offering these benefits may help recruit, engage and retain employees.
Depending on the plan, this could be between 10% and 20% of your discretionary income. “Discretionary income is based on the difference between how much you make and the poverty rate in your ...
HRSA closely tracks trends in the national healthcare workforce, and issues targeted grants to colleges and universities for scholarship, student loan and debt repayment programs designed to stimulate interest in clinical specialties in which shortages are expected. About 8,000 students graduate each year from these HRSA-supported institutions ...
Increase in protected income threshold: Like in existing income-driven repayment plans, a borrower’s discretionary income, generally what’s left after paying for necessities like housing, food ...
Income-driven repayment. Income-based repayment or income-driven repayment (IDR), is a student loan repayment program in the United States that regulates the amount that one needs to pay each month based on one's current income and family size.
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