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Student Debt From Private Lenders Hits All-Time High

Student Debt From Private Lenders Hits All-Time High More students who graduated in 2020 relied on private loans made by banks and other lenders to pay for their college education, with students in some states graduating with an average of over $40,000 in private loans. College students are taking on more private loan debt than ever before, with private loans now comprising nearly 8 percent of all student debt, according to the Institute for College Access and Success's new report on the Class

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