Ask: Federal loan repayment plans be calculated with consideration based on FICO credit ratings and debt to income ratios. This debt primarily includes, but is not limited to, private student loans and medical bills, against current pre tax yearly income. Currently, when entering repayment, only pre tax yearly income and tax status(are you head of household, dependents, etc.) are considered in calculating what can and cannot be re paid. This is grossly offbase in what an individual can TRULY repay on a monthly basis. Higher education is getting more expensive every year. All costs incurred to achieve a degree must be considered in repaying all loans. Not ignoring privately held debt. Otherwise we are dooming ourselves and future scholars to bankrupcy. Literally. Thank you.
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