Student loan debt at ETSU reaches record levels

JOHNSON CITY, Tenn. (AP) -- Student loan debt at East Tennessee State University reached record levels.

The Johnson City Press reports students last year took out $60 million in loans.

Financial Aid Director Margaret Miller said that because of the economy, students have taken out as much money as possible over the past few years. At the same time, decreased state support has meant increased tuition.

Miller said loans can be worth it if they mean the difference between finishing a degree and not. But she said some students take out loans for things they don't need.

Miller said the number of loans currently is a little alarming, because if students default it could affect future students.

To prevent that, ETSU has begun to educate students on borrowing and paying back loans.

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