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PRINCIPAL PURPOSES: To provide recruiters with information concerning personal history, education, professional qualifications, mental aptitude, and other individualized items which may influence the decision to select or non-select an individual for enlistment or commission in the U.S. Navy, to provide historical data for comparison of current applicants with those selected in the past, and to provide delayed entry personnel with training modules and allow DON officials to use the Navy Applic.
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Perkins FAQ
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For an Army Reserve enlistment, the benefit is $1,500 or 15 percent. (whichever is greater) repayment on the outstanding balance of qualifying loans for each year of satisfactory service. Maximum benefit is $10,000 except for selected specialties that qualify for up to $40,000 maximum benefit.
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Student loan forgiveness and loan repayment programs provide borrowers a means of having all or part of their student loan debt forgiven or repaid in exchange for work or service in specific fields or professions or following a prolonged period during which their student loan debt burden is high relative to their ...
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A repayment plan is a structured way to make up your missed mortgage loan payments over a period of time. If you are behind on your mortgage payments, your lender or servicer may allow you to enter into a repayment plan.
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Usually, the repayment method includes a scheduled process in the form of equated monthly instalments (EMIs). Such instalments usually include both the principal and interest components, which need to be paid within a fixed tenure.
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You can compute the number of loan payments if you know the amount borrowed, the loan payment and the interest rate. For example, if you borrow $10,000 at 7% interest and your payment is $943.93, it will take 20 years to repay the loan.
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Income-driven repayment (IDR) plans are designed to make your student loan debt more manageable by giving you a monthly payment based on your income and family size. There are four different IDR plans, and your payment may be as low as $0 a month, depending on the plan you choose.
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Borrowers who have reached 20 or 25 years (240 or 300 months) worth of eligible payments for IDR forgiveness will see their loans forgiven as they reach these milestones. ED will continue to discharge loans as borrowers reach the required number of months for forgiveness.
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Student loan repayment assistance programs can offer employees tax-free benefits up to $5,250. Employer programs offer different types of assistance, including signing bonuses, recurring payments directly to lenders, service-based assistance tied to specific careers and contributions tied to retirement savings.
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