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At New York University?s 179thCommencement exercises in May 2011, former President Bill Clinton warmly addressed the exuberant graduates, but also warned them of the inevitable realities of debt. He emphatically stated that college graduates in 2011 would accumulate more personal debt than any graduating class before them in the United States. Today, a new generation of college graduates is mired in student debts that can range from as low as $10,000 to easily exceeding $100,000 for an undergrad...
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