Class of 2011: More debt than ever

It’s official: This year’s class graduates with a record amount of debt. The Wall Street Journal reports that total student loan debt taken on by parents and students adds up to an average of $22,900, 8 percent higher than last year. That’s scary stuff, especially considering how hard it is for new grads to find jobs right now. But a closer look suggests it’s not such terrible news, after all…

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