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This could create an interesting inventive structure for students going into moderate to high paying fields. Depending on how much someone sees their income changing over time may impact how they want to borrow and/or pay ahead. Put another way, how much do you want to bet on yourself.

I wanted to see how this program would have affected me if it was around from when I finished college. Basically if I expected my salary to increase by less than 5.5%, it would make sense to pay the minimum for 25 years. If I expected in to increase by more, it would make sense to pay off in 10 years. Hindsight is 20/20, but I think I would have bet on myself. Granted if this program was in place when I started school, I may have borrowed more and that would change the results.

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