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What is a loan repayment plan?

Kristi Hammond

in Student Loans

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Kathy Robinson on March 29, 2019

Each time you take a loan, you are borrowing someone else's money. What you borrow, you are expected to pay again. A payment plan is a plan about how much you will pay back a month, and for how long. They say that if you take out a loan of 1,000. Your repayment plan could be you paying 100 a month for 10 months.


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