Definitions for "Graduated Repayment"
Related Terms:
Graduated repayment plan, Repayment schedule, Repayment, Standard repayment, Prepayment, Forbearance, Amortization, Installment loan, Loan balance, Repayment period, Installment note, Payoff, Amortized loan, Amortize, Amoritization, Repayment, Interest-only loan, Interest only loan, Deferred interest, Repayment plan, Repayments, Pre-payment, Balloon note, Loan principal, Deferment, Delinquency, Balloon loan, Repayment mortgage, Balloon payment, Biweekly loan, Installment, Repayment term, Amortized mortgage, Amortization period, Amortisation period, Balloon, Bullet loan, Installment debt, Capitalization, Balloon loans, Remaining term, Additional repayments, Negative amortization, Capitalizing interest, Amortization schedule, Delinquent, Debt service, Simple interest loan, Principal balance
A type of repayment on a student loan where payments begin at a lower amount and graduate to a slightly higher amount as the repayment period continues.
Your payment starts low and increases over time.
Payments start low and increase over time.
The Graduated Repayment Plan offers lower initial payments that escalate every few years over a 12 to 30 year period. It is best for heavily indebted graduates in professions that offer lower starting salaries.
A repayment option that allows reduced payments for the first two, three or four years. It can lower initial monthly payments by as much as 40 percent. Select Step® is a graduated repayment plan offered by Sallie Mae.
Loan repayment plan that calls for payment amounts to be lower at the beginning of the repayment period and increase over time. Borrower has up to 10 years to repay the loan.
A plan beginning with lower-than-standard payments in early years and increasing in later years.
Loan repayment that is lower at the beginning of repayment and increases in steps during the repayment period.
A repayment option that offers lower monthly payments in the beginning of the repayment term and gradually increases the monthly payment amount over the length of the repayment period.
a repayment schedule in which the monthly payments start out smaller and become larger as the repayment period continues.
A schedule of loan payments where the monthly installments gradually become larger throughout the repayment period.
This option is available for federal loans, and even some alternative loan providers offer graduated repayment. Under graduated repayment, payments are low (usually just enough to cover the loan's accruing interest) when the borrower first enters repayment. Periodically, the payments increase to pay off the loan in the standard 10 year repayment term. The idea of graduated repayment is to have low payments while a borrower is first entering the working world. Then, as income increases, the student loan payments also increase.
A loan repayment plan that allows the borrower to make smaller payments in the beginning and gradually higher payments later on.
When a borrower's required monthly loan payments increase over time.
A repayment schedule under which the amount of the borrower's installment payment is scheduled to change (usually by increasing in two or more increments) during the course of the repayment period.
Under a graduated repayment schedule, the monthly payments are smaller at the start of the repayment period, and gradually become larger. The graduated repayment schedule cannot exceed 10 years (or 25 years for borrower eligible for extended repayment schedule), excluding in-school, grace, deferment or forbearance.
Method of repayment in which the borrower's payments gradually increase since it is assumed borrower earnings will also increase. Generally payments increase after the first 24 months of repayment. Back to glossary main page
Loan repayment that is lower at the beginning of repayment and gradually increases during the repayment period. It is not based on income.
A repayment schedule that may gradually increase the borrower's monthly payment over time.