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— In 2012-2013, $238.5 billion in financial aid was issued to undergraduate and graduate students in the forms of grants from all sources, Federal Work-Study, federal loans and federal tax credits and deductions. Also, students borrowed about $8.8 billion from private, state and institutional sources.
— About 60 percent of students who earned bachelor’s degrees in 2011-2012 graduated with debt, borrowing a total of $26,500 on average.
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