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Tuesday, August 14, 2012

Student Loan Debt: It’s Not Just For Poor People Anymore

While upper-income and upper-middle-income families have historically not needed to drink from the financial aid fountain to pay for their kids' college educations, soaring tuition costs (and declining net worth) have forced even the well-off into taking out loans, adding to the already enormous $1 trillion ocean of student loan debt in the U.S. Surprisingly, this may end up being a good thing for the next generation.

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