Large student loans affect your credit and there is no threshold for your salary... | Hacker News

Hacker News new | past | comments | ask | show | jobs | submit

login

Larrikin on July 13, 2017 | parent | context | favorite | on: Dev Bootcamp Shutting Down

Large student loans affect your credit and there is no threshold for your salary for when you have to start paying back.

sarchertech on July 13, 2017 [–]

>there is no threshold for your salary for when you have to start paying back.

There is. You pay back 10% of your disposable income. Disposable income is income above 1.5x the Federal poverty level.

If you make less than that, you pay $0.

mcguire on July 13, 2017 | [–]

The federal poverty level for a single individual is a bit less than $14,000.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact