A quick look at the nation's current student debt situation is all it takes to understand the deep-rooted problem that students today face. Total student loan debt today exceeds $1 trillion, over 14 times the debt level 15 years ago. To give that number some perspective (as if $1 trillion needed any), the nation's credit card debt is not quite $800 million. In a word, it's staggering.
The average student, according to the Project on Student Loan Debt, graduates with more than $25,000 in student loan debt. That's enough to buy a brand new economy sedan in most places. And to make matters worse, the U.S. Department of Education reported that roughly 9 perc
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