When determining which
repayment plan is right for you, remember there is never a penalty for
aggressive repayment under any federal repayment plan. In addition, you can
estimate repayment under all these plans with the calculators at StudentAid.gov and the AAMC/ADEA
Dental Loan Organizer and Calculator (DLOC).
- Payments based on a
time period of either 10 of 25 years
- Level and graduated
- Monthly payment amount
has nothing to do with income, family size, marital and tax-filing status
- Borrower is debt free
at the end of the term with minimal payments (nothing to forgive)
- In general, payments
under these plans do not count as qualifying payments for Public Service Loan
- Multiple types of plans, all
tied (in part) to income.
- Examples include Pay As You
Earn (PAYE) and Revised Pay As You Earn (REPAYE).
- Payments change each year when
borrowers renew with updated information on income and family size.
- In general, designed for
borrowers whose debt greatly exceeds their incomes and who cannot afford
payments under time-driven plans.
- Ideal for many advanced dental
education residents who are in hospital-based residency programs.