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Students Borrow More Than Ever for College

Nowadays students are borrowing more to pay for college. According to the National Center for Policy Analysis, this is becoming an increasing trend. The total amount borrowed by students and received by schools in the 2008-09 academic year grew about 25 percent over the previous year to $75.1 billion.  A growing body of research suggests that tough loan payments are affecting major life decisions by recent graduates, forcing them to put off traditional milestones — from buying a first home to even marriage and having children.

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