When President Joe Biden introduced his student loan repayment plan Saving on a Valuable Education – better known as SAVE – some borrowers in the Bay Area didn't waste time figuring out if they could qualify for lower payments.
CONTRA COSTA COUNTY -- When President Joe Biden introduced his student loan repayment plan Saving on a Valuable Education – better known as SAVE – some borrowers in the Bay Area like Melissa McDonough didn't waste time figuring out if they could qualify for lower payments.The SAVE plan
"I'm on the lower end of six figures," McDonough said."I'm only able to afford living in a 450-square-foot apartment with that salary.", if someone is making $104,400 in San Francisco, Marin and San Mateo counties, they're considered low income. In Santa Clara, $96,000 is considered low income. In Alameda and Contra Costa counties, it's $78,550.
"I always knew that I wanted to help people and a friend told me about occupational therapy and I looked into it and I knew that was what I wanted to do," she said. McDonough has found creative ways to make space in her place like storing shoes under her couch as well as under her bed. Some of her furniture is also meant to save space. With all the bills, it can be hard to save up money."Because at this point, I don't see myself being able to afford a house," she said.
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