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MASSPIRG is out with a release today stating that a potential increase in interest rates for federal student loans could cost Massachusetts students $160 million a year. According to MASSPIRG, the average student who takes out student loans graduates with over $25,000 in debt on those loans. On average, doubling the interest rate would add about $1,000 for every year a student takes out a loan, MASSPIRG stated.
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