His first loans were probably 4%. In 2007-8, all loan rates doubled to predatory levels, along side the cost of tuition. He got a doctorate, thats like 8-10 years. Federal loans get cut off at about $27k. So, he likely…
It's 15%. 5% of whatever he's earning doesn't account for the poverty line... I say whatever he's earning because I can't read the damn article. If he can afford to pay the loan, he should.
I borrowed $32k was expected to pay near $700/mo on the 10 yr plan. Graduated in 2009 when everyone lost their jobs, nobody was hiring and those who were, got minimum 30% lower salaries. Competition in my field was 400…
Yeah. The years before the federal student loan interest rates went over 6.49% and private loans went over 7.25% FOR EVERYONE.
His first loans were probably 4%. In 2007-8, all loan rates doubled to predatory levels, along side the cost of tuition. He got a doctorate, thats like 8-10 years. Federal loans get cut off at about $27k. So, he likely…
His first loans were probably 4%. In 2007-8, all loan rates doubled to predatory levels, along side the cost of tuition. He got a doctorate, thats like 8-10 years. Federal loans get cut off at about $27k. So, he likely…
It's 15%. 5% of whatever he's earning doesn't account for the poverty line... I say whatever he's earning because I can't read the damn article. If he can afford to pay the loan, he should.
I borrowed $32k was expected to pay near $700/mo on the 10 yr plan. Graduated in 2009 when everyone lost their jobs, nobody was hiring and those who were, got minimum 30% lower salaries. Competition in my field was 400…
Yeah. The years before the federal student loan interest rates went over 6.49% and private loans went over 7.25% FOR EVERYONE.