News | Mercy College
Posted 6/20/2014

Student Loans “Pay as You Earn” repayment plan information:

Student Loans “Pay as You Earn” repayment plan information:

Your maximum monthly payments will be 10% of discretionary income, the difference between your adjusted gross income and 150% of the poverty guideline for your family size and state of residence (other conditions apply).  Your payment changes as your income changes.  Repayment is up to 20 years. 
For more information, click here to find out who qualifies and how to apply.