Question

check your knowledge
what percentage of your gross salary does the consumer financial protection bureau suggest your student loan payment be in order to be affordable and limit your risk of delinquency and default?
no more than 14%
no more than 20%
no more than 8%
none of the above

Explanation:

The Consumer Financial Protection Bureau suggests that student loan payments should be no more than 8% of gross salary to be affordable and limit delinquency and default risk. This is based on financial guidelines and research to ensure borrowers can manage their debt without excessive financial strain.

Answer:

No more than 8%