About 11% of graduates of private, non-profit colleges have loans of $40,000 or more vs. 5.5% for public colleges and universities. The rise in unmanageable debt has raised concerns that many graduates won't be able to pursue careers in fields that have traditionally paid modest salaries. Nearly a quarter of four-year public-school graduates and 38% of private-school graduates who become teachers can't afford to repay their debts on a starting teacher's salary, a recent report by the Public Interest Research Group's Higher Education Project found.
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