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Jordan has student loan debt and is worried that it will reduce that amount that can be borrowed for a home. While the percentage

 

Jordan has student loan debt and is worried that it will reduce that amount that can be borrowed for a home. While the percentage of income for a house payment is not a problem, but there is also a maximum total debt percentage that is allowed, including car payments, student loans, credit cards, and house payments. Jordan earns $25 per hour and works 40 hours per week all year. There is a program that allows up to 42% of gross pay as a debt load. What is the maximum debt that Jordan can have per month?

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