Itzxvictorious
Answered

Welcome to Westonci.ca, the Q&A platform where your questions are met with detailed answers from experienced experts. Experience the convenience of getting reliable answers to your questions from a vast network of knowledgeable experts. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

YASHARI earns $27,000 per year, is single, and lives in Wyoming. She has $7000 in Direct Subsidized loans and another $19,000 in Direct Unsubsidized loans. She is trying to save up an emergency fund of at least 6 months’ take-home pay, so she’s torn about how much she should devote to her student loans and how much to the emergency fund every month.
How do you think Yashari should prioritize between her emergency fund goal and her student loan payments?

Sagot :

Answer:

Income-Contingent Repayment (approximately $37,812), 21 years

Explanation:

With a monthly payment limit of 20% of her discretionary income and no loan forgiveness eligibility, Yashari would pay $147-142 per month, $37,812 total, until December 2043 (21 years from 2022).

Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.