Even with your steady income stream, you have financial obligations that may include
hefty student loan payments, which can take a big chunk out of your paycheck.
Maybe those experiences can give these founders an advantage: more financial awareness than founders who haven't been burdened
by hefty student loans, for example.
There's the well - known story of younger people struggling under the weight
of hefty student loans, which gets factored into debt - to - income ratios when they apply for mortgages.
With hefty student loans to pay, this year's graduates expect to earn # 25,557 per annum compared to # 23,857 last year.
If you already have
a hefty student loan balance or other debts, such as credit cards or a car payment, your ratio of income - to - debt might exceed lender limits.
If you've borrowed thousands of dollars in federal student loans from the government, you might be stuck with
a hefty student loan payment and a loan balance that just never seems to shrink!
If you've borrowed thousands of dollars in federal student loans from the government, you might be stuck with
a hefty student loan payment and a...
Now, if the student is unable to transition into their career of choice, then they may not be able to make
these hefty student loan payments.
College graduation day is supposed to be fun, but it's hard to celebrate when there is
a hefty student loan debt attached to your diploma
Studying to become a nurse is likely to result in
a hefty student loan balance.
If you're facing
a hefty student loan balance, then you may have already considered pursuing student loan forgiveness to avoid having to pay... Read more
When you're desperate to get a job so you can start paying off
those hefty student loans, you may be tempted to stretch yourself in terms of where you apply.
Here's an example from my personal life: on
my hefty student loan ($ 191K), I've paid out over $ 10,000 in interest (at 4.75 %) over the past 12 months.
Jason Houle of Dartmouth College found in his research that by virtue of being middle class, many students do not meet the income requirements to receive financial aid and must take out
hefty student loans to fund their higher education.