Repaying student loans? What are the optionsPatricia White, B.A.Sc., P.H.Ec
337.60 to be able to afford to repay this loan. This estimate assumes that 10% of your gross monthly income will be devoted to repaying your student loans. This corresponds to a debt-to-income ratio of 1.1. If you use 15% of your gross monthly income to repay the loan, you will nee...
In the case of grad PLUS loans, borrowers may have additional options, includingincome-driven repayment plansthat base their monthly payment on their income and family size. Generally, grad PLUS borrowers have 10 to 25 years to repay their loans, depending on the repayment plan they choose. ...
GENERATION of graduates will be paying back student debts until they are at least 36, the Government admitted yesterday. They will begin their adult life saddled with 15 years of debt after [pounds sterling]3,000a-year tuition fees are introduced next year. That is more than double the ...