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Political Factoid
Under a program started under
GOP President G.W.Bush,
they borrowed $40,000
at 7% fixed interest
rates, to help pay for their
children's college.
. . . now, 20 years
of payments later,
they owe $100,000.
Millions of Americans owe
money to the federal
government after taking
out Parent Plus loans to
pay for their children's
college.
The program was
supposed to help
middle-class families
afford school, but many
parents now continue to
struggle with the debt.
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