Our average female client with student
loan debt has only $ 282 available each month for debt repayment, so you can
see why it's very difficult to service over $ 14,000 in student debt, and all other debts, on that
small amount of cash flow.
As you
see, there are some downfalls to IBR... but... having to pay a
smaller amount for longer, may be better for people than having to get a 2nd or 3rd job just to attempt to pay ridiculously high monthly payments... and potentially defaulting on your
loans... AND hurting your credit... AND not being able to get out of your parent's house or buy a car....