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College Finance 101: A Money-Saving Crash Course for Parents

Most students finance their education with borrowed funds. According to FinAid.org, 65.6% of students graduate with education debt, and of students who attend private college, 72.8% graduate with debt. The average amount of money owed by African American students leaving school is $19,800. For those who don’t have enough ready cash, Uncle Sam has a federal loan program that may provide an answer, but it pays to be an educated consumer.

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