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The Student Loan Explosion

There has been an increased media focus in recent months on the rising cost of college tuition and the associated growth in student loan balances. In general, there is a sense that graduating college students are being saddled with so much debt that it will inhibit their ability to live as well as their parents or grandparents have lived. From a macroeconomic standpoint, the massive debt burden facing "Millennials" could potentially become a very big impediment to growth over the next decade.

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