Quote:
Originally Posted by corporatejay
I do wish student loans were given to everyone, it seems the lower middle class gets kind of jammed on these things and it's not like those go away by declaring bankruptcy, it's like herpes, those loans are with you for life.
If I recall correctly a household income of ~100k wouldn't qualify a child for a student loan, but realistically that's ~70k of after tax income and if you have two kids in University you are spending 22% of your take home income on tuition and books, that's pretty substantial when you consider things like rent, food etc...
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I believe they removed parental income for student loans recently.