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Detailed text transcripts for TV channel - MSNBC - 20130622:15:06:00

You re going to graduate with all this debt. it s just an assumption. so people are having to make the choice of, lifetime education, but that means i m being sentenced to a lifetime of debt. the current student is graduating with $27,000. this is changing how people approach their live. it s good debt for some people. not the students, it s great debt for the banks that go unregulated. great for the banks and great for the for-profit colleges. so i think sometimes we start thinking about the uscs or the dukes or the whatever. but, in fact, so much of this money is going into for-profit colleges. often that take students from lowest income communities, often don t actually get them through in four years, and so there you have $27,000 worth of debt and you didn t graduate from anyone. and for-profits, it s higher than $27,000. i think it s $35,000 for for-profit schools. it s just unbelievable that they re taking advantage of ....

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