3 ms·
yes, but the combines monthly amount is still about 1,000, and that just covers the interest
by heavilyindebt 15y ago
yes, but the combines monthly amount is still about 1,000, and that just covers the interest
- gregable 15y agoSure, but this is $5.75/hr for 40hrs/week with an average month (there are 4.3 weeks in a month). That's $1.50 below the US minimum wage. Also, how would this be interest only? I think you should make sure that's correct. $12k/yr on a $150k loan is 8% interest, which seems steep for a student loan (that's credit card territory, but maybe I'm just not familiar). $12k/year on $50 (you said elsewhere that they'd forgive $100k) would be 24% interest, which is insanely high. I imagine that with a degree, even not doing a job related to the degree, you can earn significantly more than minimum wage. Take what you can find and keep looking. Switch jobs if/when you find something better. The economy sucks, taking a job you don't like now isn't a permanent decision and more opportunities will present over time.