Student Loans

A college education may be the most important investment in a child's life and has become one of the most costly, too. The publicly reported tuition charged by private colleges and universities for can reach $50,000 or more a year. The trends are alarming, too. And while tuition at public universities is generally lower, costs there have been growing even more steeply in recent years as government support has lagged.

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So it is no wonder that more students and their families are borrowing ever larger amounts to pay for college. In the 2008-2009 academic year, they took out more than $95 billion in loans, both federally guaranteed and private.