Paul wants to phase out federal student loans

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Associated Press:

Republican presidential contender Ron Paul said Sunday he wants to end federal student loans, calling it a failed program that has put students $1 trillion in debt when there are no jobs and when the quality of education has deteriorated.

When you consider that the average student that graduates with a Bachelors degree has $23,186 in student loan debt, and that the unemployment rate for recent graduates is on the rise, this sounds like a pretty good idea.

(via Slashdot)

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