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Yes. The income based student loan repayment isn't offered for private student monetary. This type of repayment is only offered on the Federal Stafford, Grad Plus and the Perkins Money.

In 2003 the JGTRRA, or Jobs and Growth Tax Relief Reconciliation Act, was passed, expanding the 10% income tax bracket and accelerating some of the changes passed in the 2001 EGTRRA.