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Author(s):FinAid
Title:Income contingent repayment plan
Source:http://www.finaid.org/loans/icr.phtml
Date:2006
Organization:
Short Description:This plan is available from the US Department of Educations and is designed to make repaying education loans easier for students who intend to pursue jobs with lower salaries.
Annotation:The Income Contingent Repayment (ICR)plan is available from the US Department of Educations and is designed to make repaying education loans easier for students who intend to pursue jobs with lower salaries , such as careers in public service. The maximum repayment period is 25 years. After 25 years, any remaining debt will be discharged (forgiven).
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Associated Keywords:
Borrowing/Student Debt
Financial Aid
Loan Forgiveness Programs

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