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| Topic | Freedom, Liberty, Ron Paul - Where all da white refugees at? [dwmf] |
| SmartMuffin 06/24/18 5:48:00 PM #176: | The tax bills are a feature of the income-driven repayment plans that have been offered by the Education Department since 2007. One version of these plans allows borrowers to set their monthly student-loan payments at 10% of their discretionary income. The balances often grow over time because the payments arent big enough to cover accruing interest. And seriously, how shitty of a major/job do you have to have for 10% of your income to not be enough to offset the interest on your loans? Just as an example, if you have a 100k loan balance and you get a 50k/yr job, that's 5k per year you're having to pay back, which would equal a 5% interest rate. So basically, people in this situation either have loan balances over 100k and/or jobs paying less than 50k. --- SmartMuffin - Because anything less would be uncivilized - https://imgur.com/W66HUUy http://dudewheresmyfreedom.com/ ... Copied to Clipboard! |
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