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Saturday, April 28, 2012

At Ohio private univeristy (Friday April 27), Romney tells students, "Borrow $37,000 per year from parents" -- Otterbein

from Dayton (OHIO) Daily News coverage -- April 27 -- posted online

Romney said earlier this week he supported the lower interest rate, a shift from comments made in Youngstown that the government should not pay for college nor forgive student debt.

During his Friday visit, Romney asked Otterbein University students at a roundtable discussion if they were informed of the debt that can come with a college education. Romney said he spoke with a student loan provider who questioned a student borrower about whether the major was worth $150,000 in loans. Several students said they relied on a mix of loans, income from jobs and help from their parents to pay the $37,000 cost for tuition, room and board per year at Otterbein.

Romney quoted a study released this week that said 53.6 percent of bachelor’s degree-holders younger than 25 last year were jobless or underemployed.

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