I got a letter in the mail yesterday from those scamps over at Sallie Mae. In October, my loans will be resetting to a higher payment plan. This means that the percentage of my income that will go towards paying my student loans will officially be higher than the percentage of my income that goes toward paying for my housing. I would make a helpful chart, but I don't feel like it. Here's another way of looking at it though:Percentage of my income:
Student loans - 35%
Housing - 28%
This says that housing and debt combined should account for no more than 36% of your income. Thanks Sallie Mae, for helping me fulfill my dream of lifelong indebtedness!
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