repayment plan usually works out to be equivalent to a 7 year repayment loan. well this is based off of a student loan.
as far as i remember, student line of credit follows similar rules, where as if u are 6 months out of registering for school, u start being obligated to pay for the interest.
Quote:
Originally Posted by taylor192
Graduating $80K in debt is not smart. Even with a $80K/yr job, how long is that going to take to pay off? Especially considering with $80K/yr he'll want to "up" his lifestyle.
That guy did not learn anything in university. Living off money you don't have is dumb.
|