A 2017 survey of over 5,000 college graduates found that the average graduated from a four-year college or university had an average student loan debt of $28,650 (s.d. = $3,280).    To qualify for an experimental loan repayment program for a lower interest rate, borrowers have to be within the 65th to 80th percentiles of debt.  Janelle has a total educational debt of $31,438.  Would she qualify for this program?  Be sure to use evidence in your answer.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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A 2017 survey of over 5,000 college graduates found that the average graduated from a four-year college or university had an average student loan debt of $28,650 (s.d. = $3,280). 

 

To qualify for an experimental loan repayment program for a lower interest rate, borrowers have to be within the 65th to 80th percentiles of debt.  Janelle has a total educational debt of $31,438.  Would she qualify for this program?  Be sure to use evidence in your answer.

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