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That loan debt is skyrocketing.
And it's hurting our economy.
That from none other than the New York Federal Reserve today -- reports student loan debt has nearly tripled.
In just eight years.
The experts say on average somebody earning a bachelor's degree -- about 24000.
Dollars once he or she graduates more if that student stays in college longer.
And that means it's hard for -- to qualify for lines of credit and mortgages.
Which is ruining their lives Molly Henneberg with more on this from our Washington newsroom why is this happen.
-- More students are attending college they're staying in college longer they're going to graduate school because they can't get jobs and it all adds up here's more.
And that is the reason and everything goes up inflation but it also has to do with the availability of money ironically.
There are more loans out there making -- easier for kids to come up with the money.
That -- colleges to raise their prices.
Which means many college graduates are starting entry level jobs with entry level salaries.
While trying to keep up with monthly college loan payments so they're talking about this on Capitol Hill and what to do about it right.
Yes from both sides of the aisle today three Republican senators introduced a bill that would base.
Federal student loan interest rates on US treasury interest rates instead of allowing congress to set the interest rates.
Also today one democratic congresswoman says she's proposing new legislation to -- give some college loans here's more.
If they are paying and staying up to date that after ten years that loan would be forgiven and up to 45000.
So what do you do if you had this debt Melissa Francis says try to consolidate your debt refinance if you can and do your best to pay it off.
Check Molly Henneberg in DC tonight Molly thank you what --
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