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student debt

Hafsa Quraishi / WUSF Public Media

U.S. Rep. Kathy Castor held a different kind of coffee shop talk in Tampa on Wednesday, discussing the student debt crisis with the people it directly affects - a group of college students and graduates.

Next to home mortgages, student loans are America’s second highest amount of debt. Florida U.S Senator Bill Nelson wants to reduce that figure. Jocelyn Beever reports.

A report from the Federal Reserve Bank of New York says on average, recent college grads are leaving school with more than $30,000 in debt. And Florida lawmakers worry many of those students haven’t given much thought to how they’ll pay that money back.

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High school seniors are starting to get their final acceptance letters - hopefully - from the colleges of their choice. While they celebrate, parents are trying to figure out how to pay for it all.

This week on Florida Matters we're talking about the high cost of college and exploring some options for families in need of assistance.

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The cost of college can place a heavy burden on students, not to mention parents. This week on Florida Matters we're talking about the high cost of education and have some ideas about how to pay for it.

For-profit colleges have gotten some unwanted government attention lately—for aggressive recruiting and high interest rates on loans, and for misleading students about what their degrees will help them accomplish.

Steve Newborn / WUSF News

As the race for governor heats up, the Democrats are calling on some big names to help out Charlie Crist. Vice President Joe Biden is in South Florida this afternoon, and his wife Jill appeared today at the University of South Florida in Tampa. She listened to a group of students talking about making college affordable.

Biden says the average college student is weighed down with about $30,000 of debt when they graduate.

How Broward College Is Reducing Student Debt

Sep 22, 2014
John O'Connor / StateImpact Florida

To get a student loan at Broward College, you’ve got to sit through a two-hour financial lesson with Kent Dunston first.

At times, it’s a little like “Scared Straight!” – that 1978 documentary about setting juvenile delinquents on the right path -- but for your credit score.

Dunston’s first piece of advice – figure out how much money you’re going to need.

“You’re not going to borrow more than that amount of money,” he told the students. “You’ll be offered more. You don’t need it.”

Sen. Nelson: Keep Student Loan Interest Rates Low

May 3, 2012
Photo Credit: Matthew Gil

If Congress doesn't take any action, current student interest rates will double by July 1st. Senator Bill Nelson visited the University of South Florida Tampa campus Thursday to talk with students on how it would affect them.

Keeping the current interest rate at 3.4 percent for one more year will cost the federal government $6 billion and Congress can't agree where to get the funds from.