Social Studies, 22.05.2020 11:00, Michaelyork1495

AARON makes $58,000 per year, is single, and lives in Seattle, WA. He has $27,000 in unsubsidized federal loans, but he’s got another $62,000 in private student loans and lives in an expensive neighborhood, so his rent is high. He’s hoping to keep his Federal student loan payments to less than $200 per month so that his budget will work out.

Which plan meets Aaron’s desire for Federal loan payments under $200?

Describe how this low loan repayment plan works.

What is a potential downside of Aaron’s taking this low loan repayment plan that works in his budget right now?

Answers: 2

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AARON makes $58,000 per year, is single, and lives in Seattle, WA. He has $27,000 in unsubsidized fe...