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Illinois woman still owes $108,000 in student debt 40 years after taking out loan

In 1986, Nancy Peter took out a student loan to finish her Psychology degree at Mundelein College.

Retired grandma, 71, still owes $108,000 in student debt nearly 40 years after she completed psychology degree: Amount is three-times the original loan she took out

When she was 33-years-old, Nancy Peter took out a $30,000 loan in 1986 to finish her psychology degree at Mundelein College. Now, nearly 40 years later, she owes $108,000 due to interest.

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