Re:What a Student Loan 'Bubble' Bursting Might Look Like
by AstralStorm on Wednesday January 02, 2019 @09:47PM
(#18812408)
Presuming you actually get that job. If you do not, you will be wholly unable to pay off this debt.
Even if you do, you cannot just set all 40k to pay for it, you have to live somewhere and probably have a family, not insignificant expenses. So real repayment rate might be as low as 5k/year... and this assumes you keep in good health, do not get laid off etc.
This is at best a 10 year debt for your typical middle class.
Even if you do, you cannot just set all 40k to pay for it, you have to live somewhere and probably have a family, not insignificant expenses. So real repayment rate might be as low as 5k/year... and this assumes you keep in good health, do not get laid off etc. This is at best a 10 year debt for your typical middle class.
And where do you get a house here on top?