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The number of people 50 or older with student loan debt has grown 30% since 2005. Much of the growth comes from parents who have their own student loans and also their childrens' student loans to pay off.
Contributed by Chuck Kao
This is an entry for a scholarship and I really do feel strongly about not having to take out loans for college. I did have to stay within a certain amount of time so I wasnt able to put in all of my ideas so if you are interested in a more in depth video on how to afford college without taking out loans please let me know and I will do one.
Contributed by Jessica Kieft
For some Universities and Colleges in the US they offer certain loans that have a 0% interest rate. This means after school you only pay back the money you borrowed, no additional amount. One that I know of is the Texas B-on-Time loan. There are some more listed under CNNMoney and I am sure there are more that can be found through a search engine.
Contributed by Justin Bloomer