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Highly educated, deeply in debtDebilitating college loans could make millennials the first generation in the U.S. not to do better than their parents.
By Alfred Lubrano
INQUIRER STAFF WRITER
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Struggling For Work
Rutgers-Camden law student Stephanie Martins, who owes nearly $100,000 in student loans. (Sharon Gekoski-Kimmel / Staff Photographer)
Rutgers-Camden law student Stephanie Martins, who owes nearly $100,000 in student loans. (Sharon Gekoski-Kimmel / Staff Photographer)
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Experts: Choose federal over private loans
To get educated these days, most students have to go into debt.
And few places have higher student debt than Pennsylvania.
Average debt per student in the commonwealth is more than $28,000, fifth-highest in the country. In New Jersey, average debt is around $23,000.
And the Philadelphia region is home to schools with some of the highest student debt anywhere.
Nationally, the average student debt is about $25,000 per person, according to 2010 figures, the latest reported by the Institute for College Access and Success (TICAS). That's the highest level of student debt in American history, up nearly 43 percent since 1996, in today's dollars
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How many letters does student finance want to send me? I really don't care about my loan for the year 2010/11. Just 2011/2012
Why dont Student Finance just give everyone the same loan? We all pay for bills, food and books. Suppose I just wont eat. Thanks @SF_England
Who do you know that may need their loan reviewed or is in need of finance? refer them to Adventurer Finance Solutions today....
Why go to Uni? To get a degree. Why get a degree? To make money. Why make money? To pay off student finance's loan. Cycle of life.
Why did I spend that loan money on tuition when I could've spent it on booze and vacations? #collegeproblems
How many of you are aware of the Student Loan Interest Deduction for student loans?? Write off the interest paid under $2500 on your taxes
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