 TITLE: How Does Your Major Affect How Much You Should Borrow in Student Loans? CONTENT: Try Matching Your Student Loans to Expected Salary\n--------------------------------------------------\nAccording to some experts, you should try to limit your student loans so they won't cause you to spend more than 10% of your gross income on monthly payments. Once your salary expectations are clear, you can use an online student loan calculator to find out how much your student loans will cost you on a monthly basis and determine how much you can afford.\nFor example, let's say you're expecting to earn about $40,000 in the first years of your career—that's roughly $3,333 per month, which means you should try to limit your student loan borrowing to keep your payments below $333.\nWith the current undergraduate federal loan interest rate at 2.75% and a standard repayment term of 10 years, aiming for a $333 monthly payment would allow you to borrow up to about $34,900. Just keep in mind that interest rates change each school year, so you'll need to run this calculation every time you plan to borrow money. END