• NotLost@lemmy.world
    link
    fedilink
    arrow-up
    24
    arrow-down
    3
    ·
    4 months ago

    That’s much higher than normal. A quick google suggests between $200-$500 is more in line with a normal student loan monthly payment, which is still a burden on someone just starting out.

    • Crozekiel@lemmy.zip
      link
      fedilink
      English
      arrow-up
      15
      arrow-down
      3
      ·
      4 months ago

      Only speaking from my own experience, but that sounds in-line with what the monthly payment is for each loan, but when I came out I had 4 separate loans that they came collecting on.

      • Telodzrum@lemmy.world
        link
        fedilink
        arrow-up
        7
        ·
        4 months ago

        The IBR plans are aggregated against all your federal loans. So, unless there are some weird private loans in there, that’s the upper limit in sum total based on the income we’re discussing here.

        • Crozekiel@lemmy.zip
          link
          fedilink
          English
          arrow-up
          4
          ·
          4 months ago

          They aren’t on an income based repayment currently (or there is no evidence stating they are or aren’t I guess), so he would be dealing with all the separate loans sending him bills currently. Definitely needs to get on one though, it would help a lot, more than likely.