Wednesday, March 04, 2009

Debt Rule of Thumb

by Andrew Gillen

Mark Kantrowitz, who runs offers this rule of thumb for students:
"There's growing concern that more and more students are overborrowing," he says. "A good rule of thumb is if you borrow more than your expected starting salary, it's going to be hard to repay your debt, and if you borrow more than twice, you're at a very high risk of default."
The story I pulled this from is here.

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