Business, 11.03.2022 08:00 christopherandp66l91

1 LUCA makes $58,000 per year, is single, and lives in Seattle, WA. He has $27,000 in 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 so that his budget will work out.
Note: This calculator ONLY works for Federal student loans, so know that he must also find a way to repay his private loans, but you will not enter
those in this calculator
5. Which plan meets Luca's desire for Federal loan payments under $2007
6. Describe how this low loan repayment plan works.
7. What is a potential downside of Luca's taking this low loan repayment plan that works in his budget right now?

Answers: 2

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1 LUCA makes $58,000 per year, is single, and lives in Seattle, WA. He has $27,000 in unsubsidized...