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The real cost of college: Student loan debt

by Sen. Claire McCaskill

The average debt for a Missouri graduate of a four-year institution is more than $25,000. And nearly 60% of Missouri graduates are in debt. That amounts to more than 900,000 borrowers with outstanding federal student loans, owing a total of more than $24 billion.

This enormous debt burden on our students can put college wholly out of reach for kids from families that can’t afford it.

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