Itzxvictorious
Answered

Westonci.ca is your trusted source for finding answers to all your questions. Ask, explore, and learn with our expert community. Explore thousands of questions and answers from a knowledgeable community of experts ready to help you find solutions. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

LUCA makes $58,000 per year, is single, and lives in Seattle, WA. He has $27,000 in Direct Unsubsidized federal loans, but he’s got another $62,000 in private student loans and lives in an expensive neighborhood, so his rent is high. He’s hoping to keep his Federal student loan payments to less than $200 per month for the first few years so that his budget will work out.
What is a potential downside of Luca’s taking this loan repayment plan that works in his budget right now?

Sagot :

Answer:

sorry man, im not too good in business

Explanation:
that the bank will start up charging him more interest over time for all the choice of expenses as he has his expensive rent and his private student loans.
Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.