LogFAQs > #892568796

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Topicman i only got 65% of my gross pay this year
Jen0125
12/20/17 12:41:07 PM
#3:


wolfy42 posted...
Due to taxes and student loans?


student loans? no? they don't take student loans directly from my paycheck lmao

it's due to taxes and benefits.

i'm not saying it's uncommon i'm just saying it's a bummer to look at.

wolfy42 posted...
Technically though you only need to pay 10% of your gross pay max towards student loans (income based repayment plan) but then you will probably never pay them off.


are you talking about federal loans? they def used to take more than 10% of my paycheck. but i consolidated all my loans into one loan with a fixed interest rate and that'll be paid off in 10 years.

i pay 18% of my net pay towards my student loan every year.
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