Jonathan is pursuing a degree in marketing. He researched income trends and expects his starting annual salary to be $35,000. Based on his expected income, what would you recommend as his maximum student loan debt

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sreynoso427 sreynoso427

14-03-2022
Business

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Jonathan is pursuing a degree in marketing. He researched income trends and expects his starting annual salary to be $35,000. Based on his expected income, what would you recommend as his maximum student loan debt

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Tundexi Tundexi · Answer 1 · 2022-03-21T11:31:53+01:00

The equivalent of his student loan debt can be over re-paid while being spread over number of years.

What are maximum student loan debt?

The maximum student loan debt refers to maximum amount of loan that are grantable to student and are expected to be repayed back either during school or when employed.

For undergraduates, the maximum is $57,500 and $138,500 for graduate or professional students.

Because he expects his starting annual salary to be $35,000, then, the equivalent of his student loan debt can be over re-paid while been spread over number of years.