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2. Income-contingent repayment - Wikipedia

   en.wikipedia.org/wiki/Income-Contingent_Repayment

   Income-contingent repayment is an arrangement for the repayment of a loan where the regular (e.g. monthly) amount to be paid by the borrower depends on his or her income. . This type of repayment arrangement is mostly used for student loans, where the ability of the new graduate borrower to repay is usually limited by his or her inco

3. Repayment plan - Wikipedia

   en.wikipedia.org/wiki/Repayment_plan

   Federal Perkins Loan program are repayment plans available to undergraduate and graduate students who have demonstrated exceptional financial need and attended college or career school. The loan is subject to a fixed interest rate of 5%. [23] One repayment plan option for student loans is a graduated repayment schedule.

4. Income-sensitive repayment - Wikipedia

   en.wikipedia.org/wiki/Income-Sensitive_Repayment

   The borrower selects a monthly payment amount between 4–25% of his or her monthly income. The payment must be greater than or equal to the interest accruing on the loan. The borrower must reapply for this schedule every year. It is available for up to 5 years. After 5 years, the borrower will need to choose another repayment schedule. The ...

5. Bank statement loan: What is it and who should get one? - AOL

   www.aol.com/finance/bank-statement-loan-one...

   With a bank statement loan — also known as a stated income loan — you won’t need to provide your lender with some of the typical financial documents needed for a mortgage, such as W-2s and ...

6. Loan agreement - Wikipedia

   en.wikipedia.org/wiki/Loan_agreement

   It is also possible to subcategorize on whether the loan is a secured loan or an unsecured loan, and whether the rate of interest is fixed or floating. Promise to Repay Forms of loan agreements vary tremendously from industry to industry, country to country, but characteristically a professionally drafted commercial loan agreement will ...

7. Personal loans: Are they taxable income? - AOL

   www.aol.com/finance/personal-loans-taxable...

   If a personal loan debt is canceled or forgiven, the amount forgiven becomes taxable income. In such cases, you should receive a 1099-C form from the lender that can be used to claim the forgiven ...