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To: Steelfish
The program lowered monthly payments to 10% of a borrower’s after-tax income. Borrowers who graduated before 2008 or after 2012 had access to another program, which limits student payments to 15% of income.

There's income for these students in Obama's economy? Ten and fifteen percent of nothing is still zero.

13 posted on 06/10/2014 2:44:29 AM PDT by edpc (Wilby 2016)
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To: edpc

And 10 or 15% of net income is still a good chunk of change. My daughter has major students loans that she is paying on. She has an MBA and is making about $45K now. Not great, but she likes her job. She knows she will be paying back her loans for the rest of her life.

Still, bailing out banks and car companies was okay. Why not real people?


14 posted on 06/10/2014 3:40:10 AM PDT by ilovesarah2012
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