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College debt affects more than half of graduates

It’s no secret that students these days face many tomorrows of paying off today’s education. According to the Project on Student Debt, conducted by Institute for College Access and Success, in 2008, 67 percent of college graduates carried student debt, and the amount of that debt has steadily increased over the years. Below is the average debt for college graduates of public universities for selected years.

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  Average debt 2008 $20,200 2004 $16,850 2000 $17,350 1996 $12,750

Source: www.projectonstudentdebt.org