Income-Driven Plans: % of Discretionary Income
This lesson is part of the course
In this lesson
You turn Maya's income into discretionary income, set her monthly payment as a share of it (capped at the standard payment) and follow the balance for 10 years as her income grows.
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Lessons in this course
- Interest While You Study & Capitalisation Locked
- The Standard 10-Year Plan: PMT & Total Interest Locked
- The Graduated Plan: Payments That Step Up Every 2 Years Locked
- Income-Driven Plans: % of Discretionary Income Locked
- Forgiveness After N Years: What Is Left, Paid & Possibly Taxed (Chart) Locked
- Extra Payments & the Payoff Date: NPER and EDATE Locked
- Refinancing vs Keeping: Rate Savings vs Lost Benefits Locked
- Plan Comparison: Total Cost of Every Plan (Chart) Locked