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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.

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AnswerBot

5mo ago

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Is 50k in student loans considered a significant amount?

Yes, 50,000 in student loans is generally considered a significant amount of debt for most individuals.


What are some examples of loans available for individuals seeking financial assistance?

Some examples of loans available for individuals seeking financial assistance include personal loans, student loans, auto loans, and home mortgages.


How will Great Lakes help with student loans?

Great Lakes keeps individuals up-to-date with information about their student loans. Great Lakes also monitors the location and enrollment status while individuals are in school. Great Lakes provides assistance to individuals paying back student loans. Payments can even be made through the website or by automatic withdrawal.


How fast are fast student loans?

Student loans can be as fast as one hour or up to 48 hours depending on the service you use. Studentloans is a website that will guide you through the process of a student loan and what companies are recommended.


Why are college students recommended to get part time jobs?

So that they can pay off their student loans.


What are the different types of payment loans available for individuals seeking financial assistance?

The different types of payment loans available for individuals seeking financial assistance include personal loans, student loans, auto loans, and mortgages. Personal loans are used for various purposes, while student loans are specifically for educational expenses. Auto loans are for purchasing vehicles, and mortgages are for buying homes. Each type of loan has its own terms and conditions, interest rates, and repayment schedules.


Can you provide some examples of debt that individuals commonly incur?

Some common examples of debt that individuals commonly incur include student loans, credit card debt, mortgages, and car loans.


If you have outstanding student loans and die is the estate charged for the student loans?

Actually, that's not true - student loans are forgiven when the student dies.


Can a felon get federal student loan?

Yes, felons can be eligible for federal student loans. However, individuals convicted of drug-related offenses may face limitations and restrictions on their eligibility for federal aid. It's recommended to complete the Free Application for Federal Student Aid (FAFSA) to determine eligibility.


What is the average amount government gives for student loans?

Government student loans differ depending on the individuals circumstances. To get an accurate figure the best way is for you to contact your local student loan office and they can give you more information according to your individual circumstances.


Are student loans forgiven after age 60?

Are student loans forgiven at age 60? Are student loans forgiven at age 60?


What company provides direct student loans?

There are only a few companies that provide direct student loans. You can go to a bank and get student loans from there, or you can get Federal Loans from your school.