asked 160k views
25 votes
Your friend chooses the graduated repayment plan. what assumption is he making about his future income?

1 Answer

2 votes

Answer:

Extended Graduated Repayment Plan

Typically, borrowers who select this plan will have lower monthly payments than they would under the standard or graduated plans. While their payments will increase over time, they'll do so more gradually than they would under the extended plan due to the longer term.

Step-by-step explanation:

answered
User Rich Armstrong
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