What percentage of income should go to student loans?

There is no definitive answer to this question since it depends on many factors, including the person’s income, student loan debt size, and other financial obligations. However, a decent general guideline is to allocate at least 10% of your income each month toward paying off your student loan. This will help you pay off your … Read more

What percentage of eligible persons must a policy cover in a noncontributory group?

In a noncontributory, 100% of eligible persons (employees) must be covered by the policy. The norm for insurance businesses is that noncontributory plans must enroll all eligible employees. The standards for deciding who is qualified to participate in the plan may be established by the employer. What is a noncontributory pension plan? Any pension plan … Read more

What percentage of your gross salary does the Consumer Financial Protection Bureau suggest your student loan payment be?

Depending on your repayment, income, living costs, and other loans, you can have too much student loan debt. The Consumer Financial Protection Bureau suggests that your student loan payments should typically not exceed 10% of your gross monthly income. What is the Consumer Financial Protection Bureau? A regulatory body tasked with keeping an eye on … Read more