3-year Interest Subsidy
{"Image DocumentName": "3-year Interest Subsidy", "Image ImageDescription": "EXAMPLE (continued): Three-year subsidy period would expire on 12/31/13. Would go from 1/1/10 \u2013 12/31/11, and from 1/1/13 \u2013 12/31/13. One-year Hardship Deferment from 1/1/12 \u2013 12/31/12 is only interruption. Of course, again, the Department would still pay the subsidized loan interest during the Hardship Deferment period as well. Again, as mentioned previously, the consolidation of the loan on 1/1/11 would not cause the three-year clock to re-start. Incidentally, the Department would potentially make repayment interest payments on the borrower\u2019s subsidized loans only from 1/1/10 \u2013 12/31/10, since that\u2019s the only time within the three-year period for which the borrower was on PFH. The clock does not stop just because the borrower is not on PFH and in a position to benefit from the interest subsidy.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}