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Access Group Income Based Repayment Application Form

Access Group Income Based Repayment Application Form

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Instructions and help about Access Group Income Based Repayment Application Form

in this video we're gonna discuss income based repayment plans for federal student loans so let's say that you just graduated college and you get a job making $2,000 a month and after living expenses of sixteen hundred dollars for the month you have four hundred dollars left over and you say hey great I've got four hundred dollars I can pay my student loan but then you get a bill in the mail from the government and says you all five hundred and sixty eight dollars and you say wow that's one hundred and sixty eight dollars more than what I have left over don't worry don't default on your loan what you want to do is look into changing your plan type right so there are different types of repayment plans and some of which are income based where they can say hey look you're only bringing in two thousand a month maybe you thought you'd be bringing in more giving your amount of money that you've borrowed so we're

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