It’s a little a chunk away from change. We can feel talking about $560 thirty day period from inside the education loan repayments, for example, for a few having a good $40,000 simply take-family earnings.

But that is exactly what’s happening for some borrowers. A quarter off Chase account holders old 18 using 24 try devoting at least 16.8% out of get-household earnings to education loan repayments, according to a new study by the JPMorgan Pursue Institute.

The study examined activity from inside the Pursue examining membership away from . The new experts identified cuatro.6 million family that has made one student loan payment from their membership. (more…)