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A person working daily for minimum wage would take home an annual salary of $15,080. That's a shade compared to the poverty threshold as a household containing two adults, and about $8,000 compared to the poverty line family of four years old.
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These loans are also based upon your credit records. For those who have a good credit rating you have the ability to request a much higher amount of money than fit credit isn't so quite. The good thing if your credit is bad enough, may be the even this cannot borrow a money you it's still eligible.
She took out a $3,500 student loan but is hoping she can use scholarships and grants, or probably find a second job, to stop taking on more unsecured credit card debt.
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