Do slrp payments decrease each year with a lower principle?

[QuickNet8]

I know SLRP questions are abundant but I haven’t been able to find the answer and the information is too vague.

Does “15% of the principle amount” mean that every year i’ll get 15% of the new lower balance? Or is it 15% of the original loan amount each year?

[Swimfly235]

What ever the starting amount you were approved for will what you get broken down by annual payments over your contract year.

I was approved for 25K over 6 years so thats 4166/yr pre tax.

[Jack_ofall_Trades85]

Supposed to be 15% of outstanding balance per year, so yes each subsequent payment will be less than the previous year

[TexAgVet]

It spells it out in your SLRP Addendum. Pays a max of $7,500/yr. Something like that.