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If the average starting salary in your chosen job is $40,000, what is the maximum student...

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Finance

If the average starting salary in your chosen job is $40,000,what is the maximum student loan debt you should borrow to keepyour monthly payments manageable?

Answer & Explanation Solved by verified expert
4.4 Ratings (887 Votes)
SolutionThere are 3 deciding factors or ratios that the banks calculateusing the net income of a person to determine his or hereligibility for a loanFixed obligation to    See Answer
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If the average starting salary in your chosen job is $40,000,what is the maximum student loan debt you should borrow to keepyour monthly payments manageable?

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