qualifying monthly payment
Defined in 1 dictionary — U.S. Code
United States Code
20 U.S.C. § 1087E — under this part
For the purposes of this subsection, the term “qualifying monthly payment” means any of the following:
(i) An on-time applicable monthly payment under this subsection.
(ii) An on-time monthly payment under the standard repayment plan under subsection (d)(7)(A)(i) of not less than the monthly payment required under such plan.
(iii) A monthly payment under any repayment plan (excluding the Repayment Assistance Plan under this subsection) of not less than the monthly payment that would be required under a standard repayment plan under subsection (d)(1)(A) with a repayment period of 10 years.
(iv) A monthly payment under section 1098e of this title of not less than the monthly payment required under such section, including a monthly payment equal to the minimum payment amount permitted under such section.
(v) A monthly payment made before July 1, 2028, under an income contingent repayment plan carried out under subsection (d)(1)(D) (or under an alternative repayment plan in lieu of repayment under such an income contingent repayment plan, if placed in such an alternative repayment plan by the Secretary) of not less than the monthly payment required under such a plan, including a monthly payment equal to the minimum payment amount permitted under such a plan.
(vi) A month when the borrower did not make a payment because the borrower was in deferment under subsection (f)(2)(B) or due to an economic hardship described in subsection (f)(2)(D).
(vii) A month that ended before July 4, 2025, when the borrower did not make a payment because the borrower was in a period of deferment or forbearance described in section 685.209(k)(4)(iv) of title 34, Code of Federal Regulations (as in effect on July 4, 2025).