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Mon September 16, 2013
Debt Is Crushing College Students
It costs more to go to college these days. And the way many afford it is to take out loans. Paying that money back can be more difficult that most realize. The average college student leaves school with more than $26,000 of debt and a growing number are defaulting on their loans.
"20 years ago, 30 years ago, you could go through a university, you could go through college and pay for your education. Even with a summer job, you could work for about 10 weeks for about one year of college. And now that's impossible," Baliva said. " You'd have to work at a minimum wage job 35, 40 weeks, almost an entire year to pay for even the most affordable education."