Syag – that’s what Federal loans are for. You don’t have to start paying it back until you finish school, and then you can do an income-based repayment plan. On an income-based repayment plan, you have to pay back 10-15% of your discretionary income per month. I think discretionary income is defined as the amount of money you earn minus the amount of money for expenses, which I think is calculated based on the number of kids you have and the average income in your County. The average income per person in household is generally much higher than what the average Frum person makes, so you shouldn’t end up having to pay too much a month. It certainly would be way less than the $9000 you would be making a year.
