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Student loans backed by government crush many families

  • Broadcast in Finance
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]More than a decade after Aurora Almendral first set foot on her dream college campus, she and her mother still shoulder the cost of that choice. Almendral had been accepted to New York University in 1998, but even after adding up scholarships, grants, and the max she could take out in federal student loans, the private university Today, a dozen years on, Nemenzo's debt not only remains, it's also nearly doubled with fees and interest to $33,000