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?