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Student loan debt

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Student loan debt

T
teleSUR English

16 Views • Sep 02, 2014

Wikipedia Context

Student debt refers to the debt incurred by an individual to pay for education-related expenses. This debt is most commonly assumed to pay for tertiary education, such as university.

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Description

Roughly one million students who graduate this year, 70% of the total, will leave their schools with an average accumulated debt of US$ 33,000, corresponding to student loans. Due to low wages, high unemployment, and hefty interest rates many will have to work many years to pay off these loans. Allice Ollstein reports from Washington. teleSur