Madeline Rollins is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now, Madeline is living at home and works in a shoe store, earning a gross income of $820 per month. Her employer deducts a total of $145 for taxes from her monthly pay. Madeline also pays $95 on several credit card debts each month. The loan she needs for chiropractic school will cost an additional $120 per month.

Madeline has $460 of remaining income each month after paying her expenses. This amount should be sufficient to cover the additional loan payment for chiropractic school. Therefore, Madeline can likely afford the loan for chiropractic school based on her current income and expenses.

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