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Thursday, April 23, 2015 11:44:55 AM
I note that as the GOV is now suggesting that annual pay back on student loans (that can not be wiped out by CH11 - see who lobbied that baby) ----- that such pay back obligations have ceilings based on ---- income
i.e. you borrow and borrow and interest builds up and up and at some point the payments are an insane percent of your income - say 50% even with a decent job
there is talk (and maybe some action already) to cap what a borrower of student loans - who can no escape them in 11- has to pay as a % of income
interesting
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