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5 student loan myths — about forgiveness, repayment, interest and more — that everyone should know


[M]ore and more Americans are realizing student debt has become a widespread financial problem: 92% of American voters said as much in a recent study by policy think tank Demos. The impact is also unevenly felt, with black college graduates owing nearly twice as much as white graduates four years after graduation, according to the Brookings Institution. Demos even found that non-college educated African-Americans, Latinos, and Asian-Americans have debt at the same or higher levels as white college graduates.