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Student loan debt on the rise

 

 

Barton Community College Director of Financial Aid Myrna Perkins said BCC students are receiving record amounts of financial aid — $1 million more than in 2010-11.

In 2006-2007, Barton students received just over $5 million in student aid, in the form of federal grants and loans, as well as scholarships. For 2010-11, the total had grown to $9,833,545.

"We’re on track to go to $10 million next year," Perkins told the BCC Board of Trustees last week. Default rates are also on the rise, mirroring the national average of 8.8 percent.

The average financial aid package last ...


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