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During the six-month grace period of a student loan shortly after the student has completed his or her coursework, the borrower searches for a well-paying job to repay loans. But while attending school, the student is occupied with academics and meeting course requirements. During this time student loan debt gradually increases.
Amount of Income doesn’t match Amount of Student Loan Payment
The equation for college graduate debt is Income ≠ Required Student Loan Payment (or Income < Required Student Loan Payments); this is a dilemma faced by many college graduates. Jeffrey Talmon M.D. addresses a query about student loans and financial debts in a Medscape Forum.
The article title is based on a medical student’s question, “When Will My Financial Situation Improve?” Dr. Talmon’s response: “When senior medical students magically transform into first-year residents, they begin having a real salary, and the financial stress begins to decrease dramatically."
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