October 23, 2007 (vol. 118, iss. 34) • Page Image 7
…The Michigan Daily - michigandaily.com Tuesday, October 23, 2007 - 7 COSTS From page1 year they were 24 percent. The rate of growth in private borrowing slowed last year. But that was at least partly because of new rules allowing graduates stu- dents to take out PLUS loans from the federal government, reducing their need for private loans. For undergraduates, private borrow- ing still rose 12 percent to $14.5 billion. Including room and boar...…