3 ms·
At 100k salary why would it take 24 years to pay back a 72k loan?
by pfisch 13y ago
At 100k salary why would it take 24 years to pay back a 72k loan?
- MJR 13y agoI used 100K as an example that even at that high of an income $3,000 a year only adds up to 72K. If you make 50K salary for 24 years you're still only paying 36K for your education. The program stats "students would pay 3 percent of their paycheck back for 24 years in order to help fund the program for future students". With the direction higher education costs are moving, this could be a very inviting choice for those who would pay for college with student loans.