Yashari’s monthly take-home pay is $1850. What percentage of her paycheck will go toward student loans if she chooses standard r

Question

Citrus2011 [14]

3 years ago

12

Yashari’s monthly take-home pay is $1850. What percentage of her paycheck will go toward student loans if she chooses standard r

epayment? Does that payment amount seem reasonable? Why or why not?

Social Studies

1 answer:

GrogVix [38] · Answer 1 · 2021-11-07T01:22:29+03:00

Answer:

The monthly payment under standard repayment is typically about 1.0% to 1.3% of the total loan balance when the loan entered repayment. So, inthe situation, we assumed that he took $30,000 student loan, it is expeceted that he would pay back 1% of the loan amount monthly (aprrox. $300).

<em>The payment does not seem reasonable due to the fact that the amount she earns as salary is low and would not allow her to meet her other personal needs.</em>

Explanation: