There’s a reason college students are racking up so much debt. The College Board reports that tuition and fees for the 2016–2017 school year averaged:
These figures, however, don’t include room and board, which can easily add $10,000 per year to the cost of higher education. And because most students, along with their families, can’t swing those bills on their own, they often have no choice but to borrow money to attend college.
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