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Paying the Bill

Paying the Bill. Simplified Post-Graduation Student Budget for an Indiana Student with $27,000 in loan debt (4 years of Direct Loans):. Average Indiana Salaries for High Skill, Low Wage (Relative to Loan Debt) Jobs. Debt-to-Income Analysis With $1,279 in monthly expenses:

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Paying the Bill

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  1. Paying the Bill Simplified Post-Graduation Student Budget for an Indiana Student with $27,000 in loan debt (4 years of Direct Loans):

  2. Average Indiana Salaries for High Skill, Low Wage (Relative to Loan Debt) Jobs • Debt-to-Income Analysis • With $1,279 in monthly expenses: • Total debt to income for Social Worker or HS Teacher= 45% • Total Debt to Income for Elementary School Teacher= 48% • Most lenders prefer DTI to be 35-40%, at 45 OR 48% any money that would need to be borrowed in the future would be extremely difficult to obtain. Making payments would be difficult at this level of DTI, because it doesn't include living expenses.

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