Low-income College Students Can Fall Into ‘Bad Hole’ With Loans

Low-income College Students Can Fall Into ‘Bad Hole’ With Loans
The top of the cap of a graduating student is pictured during their graduation ceremony at UC San Diego in San Diego, California, on June 17, 2017. Reuters/Mike Blake
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CHICAGO—Neither of Deanna Brooks’ parents finished college, but they had high hopes for her.

She has lived up to them by getting a master’s degree in accounting and becoming a certified public accountant, a profession that would free her from the constant money struggles she saw growing up. But she also ended up borrowing $76,000 and is struggling to pay it back.