Minimum Monthly Income Threshold definition

Minimum Monthly Income Threshold means the monthly earned income below which payments will not be made, and your account will be placed in a paused status.
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Examples of Minimum Monthly Income Threshold in a sentence

  • After your Grace Period ends, you will have to start making payments as soon as your monthly earned income is above the Minimum Monthly Income Threshold.

  • If you assert that your income in any given month was below the Minimum Monthly Income Threshold, you must provide documentation to our satisfaction to demonstrate that your income during that month did not exceed that Minimum Monthly Income Threshold, in which case, we will assume you owed nothing for that month.

  • For example, if your Grace Period ends in February 2020 and you earn above the Minimum Monthly Income Threshold in March 2020, then your first payment will be due at the beginning of April 2020.

  • For example, if your Grace Period ends in February 2019 and you earn above the Minimum Monthly Income Threshold in March 2019, then your first payment will be due at the beginning of April 2019.

  • For example, if your Grace Period ends in February 2022 and you earn above the Minimum Monthly Income Threshold in March 2022, then your first payment will be due at the beginning of April 2022.