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Why Americans' Trillion-Dollar College Debt Burden Is Still Rising

17 April 2014 8 views No Comment

“Americans needing federally subsidized student loans for undergraduate or graduate programs at colleges and universities will pay a higher interest rate in the coming academic year, according to new projections from the Congressional Budget Office (CBO). And the cost of borrowing money to finance a college education will continue to rise in the coming years as a result of a bipartisan deal on Capitol Hill — despite President Barack Obama’s 2012 pledge to fight against raising the debt burden on graduates,” Al Jazeera America reports.

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