It's even worse than you think (maybe)
Reader comment on: The Ballad of Sallie Mae
Submitted by Less (United States), Apr 1, 2010 00:23
I read somewhere (forgot where) that the repayment was 10% of DISCRETIONARY income, and then total forgiveness after 20 years. So, how is discretionary income calculated, and how hard is it to ensure that you have very little, even if you have a high paying job.
The whole thing is designed to force total dependence upon the government.
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