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O’malley’s Personal Example on College Debt Confuses the Experts

Admissions and financial aid experts have been increasingly worried in recent years that horror stories about debt could discourage low-income students from applying to college at all. And many of those horror stories suggest that one needs to borrow in the six figures to afford college. There was a New York Times series in 2012, for example, that led with a woman who borrowed $120,000 to earn a bachelor’s degree.