Soon the sounds of “Pomp and Circumstance” will fade and thousands of college graduates will have to really start facing the music - their education loans.
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ENID For more than 40 years, college students have been able to take part in a public-private student loan program, choosing private lenders for their federal student loans.
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Many graduates dont know who they borrowed from or how many different loans they have or what their total amount owed is.
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Soon the sounds of Pomp and Circumstance will fade and thousands of college graduates will have to really start facing the music their education loans. For them I have a new tune: Know what you owe.
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In 2008, about two-thirds of students graduating from four-year colleges and universities had student loan debt averaging $23,200, according to data analyzed by the Project on Student Debt, an initiative of the nonprofit Institute for College Access Success.
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