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Annual Income Documentation

Annual Income Documentation (Req)

This module identifies and explains the requirement to document income when borrowers are in Income-Driven repayment plans. It covers the specific requirements and results for failure to submit this information in a timely manner,

 

Topic Features

  1. Annual documentation process
  2. Understanding ‘repayment years’
  3. The recertification notification
  4. Negative impacts of failing to recertify on time
  5. Comparison of negative amortization vs. IDR
calculating IDR

Forms, Documents, Articles

  • See resource library for related client forms