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by toomuchtodo
1058 days ago
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It is not the timeline that is the problem, but the volatility. Getting a degree is no guarantee you will be able to obtain a job that will allow you to pay off the loan while maintaining a quality of life somewhere near "basic needs met." So you're throwing yourself at a credential that businesses use as an application checkbox and hoping for the best. That's a lot of debt to incur the name of hope. |
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With recent changes to the income-based repayment terms on federal loans, and if, like the vast majority of loan-dependent students those are your only loans, its pretty close (and, at worst, if yo can’t the repayment won’t cost anything.)