Wednesday, May 22 2013 10:20 AM EDT2013-05-22 14:20:48 GMT
Two WLOX viewers sent in pictures of this waterspout spotted Wednesday morning in the Mississippi Sound. According to Doppler Radar Imagery, the waterspout was offshore near Long Beach and Pass ChristianMore >>
Two WLOX viewers sent in a pictures of this waterspout spotted Wednesday morning in the Mississippi Sound.More >>
Monday, May 13 2013 12:24 PM EDT2013-05-13 16:24:04 GMT
MARION COUNTY, MS (WDAM) - A weekend-long drug raid left 22 individuals behind bars, and more arrests to come. According to Marion County Sheriff Berkley Hall, the drug raid is the result of severalMore >>
A weekend-long drug raid left 22 individuals behind bars, and more arrests to come.More >>
Wednesday, May 22 2013 7:56 PM EDT2013-05-22 23:56:01 GMT
(RNN) – Of the 24 killed in the EF-5 tornado that decimated Moore, OK, 10 are children - two of which are infants according to a release by the Oklahoma City Medical Examiner's Office. All the childrenMore >>
The last of the missing from Monday's massive tornado that tore through the town of Moore, OK, have been accounted for. More >>
Wednesday, May 22 2013 8:38 PM EDT2013-05-23 00:38:31 GMT
On Wednesday, Moss Point Police Chief Keith Davis announced he is reopening a 2006 cold case involving a double homicide.More >>
On Wednesday, Moss Point Police Chief Keith Davis announced he is reopening a 2006 cold case involving a double homicide. The victims, Brandon Taylor, 24, and Gary Riley, 26, were found shot to death in a Chevy Tahoe.More >>
Wednesday, May 22 2013 12:13 AM EDT2013-05-22 04:13:11 GMT
A British woman who claimed to have hit a cyclist while driving her car and then driving off tweeted about driving off and not caring much about it. But then the cops tweeted back.More >>
The first rule of Twitter - it's not smart to tweet about a crime. More >>
JACKSON, MS (Mississippi News Now) -
It's probably the most expensive piece of paper ever and because of it, when many colleges graduates make that walk across the stage, degree in hand, the next step is into debt.
"Those who are graduating are graduating with a large student debt burden," said Jennifer Mishory, deputy directory at D.C. based Young Invincibles, an organization which examines issues facing young adults.
Those debt numbers are rising. In Mississippi, the average student debt is about $22,000, which is just below the national average of about $25,000.
Mishory says overall, there's about a trillion dollars currently owed by Americans because of federal and private student loans. While most are federal loans, Mishory says it's those graduates from private for-profit universities who owe the most.
"Certainly these are significant numbers and when you look at it that's really impacting, for example, a young graduate's ability to start saving to buy a house," said Mishory.
In Mississippi, a public college education will soon be a little more expensive after the college board recently approved tuition hikes. That, coupled with fees and books are contributing factors as more students turn to loans.
"Mississippi students in general are paying back their loans," said Institutions of Higher Education financial aid director, Jennifer Rogers. "We have a fairly low default rate."
Rogers says although the payback rate is high, student debt is increasing.
"There has been a shift in funding responsibility for higher education," said Rogers.
Mishory says other states are dealing with the same financial restraints, resulting in less investments from the state level.
"We no longer spend per student the same amount that we once did and that's why in 1990 about a third of students graduating had debt and now about two thirds of students graduating have debt," said Mishory.
In Mississippi, that's 52 percent of public college graduates with student debt, but Rogers says it's not a crisis.
Student loans often get a bad rap, simply because they're loans, but not all student loans are bad," said Rogers. "In fact, they're possibly the best investments a person can make."
Wednesday, congressional lawmakers said they've come up with a tentative agreement to prevent interest rates on new federal college loans from doubling to 6.8 percent. The deal means a one year extension of the existing 3.4 percent rate, which will affect an estimated 7.4 million students.
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