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William D. Ford Federal Direct Loan Program; Notice of the annual updates to the Income Contingent Repayment (ICR) plan formula for 2004 [FSA] (May 17, 2004)
The Secretary announces the annual updates to the ICR plan formula for 2004. The attachment to this notice provides updates to examples of how the calculation of the monthly ICR amount is performed, the income percentage factors, the constant multiplier chart, and charts showing sample repayment amounts.
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