Student Debts Pile Up

College students are facing more debt than ever before.

Students who graduated from college in 2015 left school with an average of $34,000 in debt, the Federal Reserve Bank reported this month.

Just 10 years ago, the average student debt was $20,000.

The Federal Reserve Bank said students and their parents are taking out bigger loans than in the past. That is because state and local governments are paying a smaller percentage of the cost of higher education.

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