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More than half of all college students end up with some student loan debt. The average college student could end up with a debt of

More than half of all college students end up with some student loan debt. The average college student could end up with a debt of $19,223.00 with an interest rate of 6.5%. How much money will a student with $19,223.00 in student debt need to pay in interest in the first year, assuming that they do not make any loan payments?

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