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Large student loans affect your credit and there is no threshold for your salary for when you have to start paying back.
by Larrikin 9y ago
Large student loans affect your credit and there is no threshold for your salary for when you have to start paying back.
- learc83 9y ago>there is no threshold for your salary for when you have to start paying back. There is. You pay back 10% of your disposable income. Disposable income is income above 1.5x the Federal poverty level. If you make less than that, you pay $0.
- mcguire 9y agoThe federal poverty level for a single individual is a bit less than $14,000.