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Chapter 6. Student Loans > How Much Should I Borrow?

How Much Should I Borrow?

Since lenders see no reason to limit how much you borrow, it's up to you to apply the brakes.

If you're a student, your student loan payments once you graduate shouldn't exceed 10% of your expected monthly gross income. That means you'll probably need to limit your total borrowing to no more than two-thirds of your first year's salary.


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