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Financial Aid Vs. Student Debt: News You Can Use

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This past week, I came across two exceptional news items about financial aid and student loan debt. The financial aid article showed how alumni giving can affect financial aid. The student loan debt article reinforced my cautions about the consequences of excessive borrowing to pay for college. The two articles are a good news-bad news duo.

First the good news: Michael Bloomberg: Why I'm Giving $1.8 Billion for College Financial Aid. That headline boggled my mind (it doesn't take much to do that these days). Have you ever really thought about how much a billion dollars is, let alone $1.8 billion? Let's pause a moment to consider that question.

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