Late last year, total student loan debt in the United States reached $1 trillion, a situation that set off a lot of hand-wringing.
And …
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university debts
Almost two-thirds of college grads leave campus owing money on student loans. On average, their student loan tab is close to $20,000 … and growing. Student debt levels grew 8% between 2005 and 2006, while starting salaries rose by only 4%, according to the Project on Student Debt. And another 5 million or so of us take out student loans every year.
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