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Students Don’t Understand Their Own Loans: Study

Huffington Post on March 21, 2012

by Caitlin Brown

Cost-conscious collegiates, take heed! Before signing your financial future to the likes of Wells Fargo or Citigroup, take a look at the fine print on that loan agreement — or risk ending up like the 65 percent of Americans surprised by their student loans.

Young Invincibles, a not-for-profit organization based in Washington, D.C., recently surveyed 6,500 undergraduate and graduate students who had taken out student loans.

The results were less than encouraging.

According to Healey Whitsett, author of the