Itzxvictorious
Answered

Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

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.
Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.