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Why is student debt acceptable?

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Anonymous

10y ago
Updated: 8/21/2019

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How much debt is acceptable for a graduate student?

As long as you are paying your bills on time each month, your credit score will not be effected. However, too much debt or revolving credit can affect whether or now you can get loans.


What would be the best thing for a college student in credit card debt to do?

The best thing for a college student in credit card debt to do is to contact a debt consolidation company to help workout a payment plan that the student can afford.


Student loan debt for a college graduate?

Is this a question? Are you asking the average amount? Some but not all have student loan debt after graduation.


Is student loan debt consolidation something that will save money in the long run?

Student loan debt consolidation is a way to consolidate student loan debt to the point that money is put in a synthetic grace period to prevent interest.


What is the acceptable debt to income ratio for a construction loan?

The acceptable debt to income ratio for a construction loan is typically around 43. This means that your total monthly debt payments should not exceed 43 of your gross monthly income in order to qualify for the loan.


Can you use your Stafford student loan to pay off debt?

No, you cannot use a Stafford student loan to pay off personal debt. The only debt that should be paid off with an educational Stafford loan is your college debt.


What is considered an acceptable debt to equity ratio for a company's financial health?

A debt to equity ratio of 1:1 or lower is generally considered acceptable for a company's financial health. This means that the company has an equal amount of debt and equity, which indicates a balanced financial structure.


Can the State of New York file a judgment for an alledged student loan debt that is 37 years old?

Proof would have to be presented that the debt was valid before a judgment could be entered against the debtor. Since a judgment was entered then acceptable validation must have been provided to the court. Student loans both state and federal do not have SOL's, so the judgment is more than likely valid and enforceable.


What is the average debt of a student loan?

Not sure of average individual student loan, but the average student with student loans has $28,000.


Settle a student loan for less?

{| |- | Freedom Student Loans helps borrowers consolidate Federal student loan debt into one low monthly payment. Freedom Student Loans can also cut the total monthly payments in half and lock in a low interest rate. You can even go for Freedom Debt Relief as their financial advisers negotiate your debt amount and help in reducing your debt levels. |}


How can student debt be paid off?

"Student debt can be paid off in many ways. Once the student is out of school, they can pay off the entire debt at once or they can consolidate and start making payments. If they go into education, some of their loans will be forgiven if they work in ""at risk"" schools and school districts."


What is the recommended debt-to-income ratio for individuals with student loans?

The recommended debt-to-income ratio for individuals with student loans is typically around 10-15. This means that your total monthly debt payments, including student loans, should not exceed 10-15 of your monthly income.