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Published June 21, 2013, 09:33 PM

It's estimated students in the U.S. owe roughly a trillion dollars

Fargo, ND (WDAY TV)-- It's estimated students owe roughly a trillion dollars in outstanding college debt, just in the U.S.

Fargo, ND (WDAY TV)-- It's estimated students owe roughly a trillion dollars in outstanding college debt, just in the U.S.

Senators have one week to come to an agreement before interest rates on those loans will double.

It's a scary situation.

That's what a Dean of Student Success told me today.

But while U.S. Senators struggle to find common ground.

Minnesota legislators are behind students, keeping tuition affordable.

Halston Jordan-Sophomore: "It's always a struggle."

Getting through school isn't easy.

Jordan: "It's too much with tuition."

Balancing a strict budget can make it even harder.

Jordan: "At the end of the month you're still looking at , like after bills, 15 dollars in your bank account."

Halston Jordan, is a sophomore at M-State. And like most students, is already in debt by 25 thousand dollars.

Jordan: "Quitting for me isn't an option."

But bipartisan deal, which would save the government more than $8 billion over the next 10 years. Hasn't been decided on. If there's not an agreement by the first of July, interest rates could double.

Shawn Anderson- Dean of Student Success: "I think it's very scary. I think it's a big concern."

On the upside, Minnesota Lawmakers are freezing tuition among all MNSCU schools.

That means, for a two year institution, the price tag will stick at just a little over five thousand dollars.

Anderson: "In my 20 plus year career in education, I've seen institutions freeze tuition a couple of times for a variety of reasons but I've never seen it done at a state level."

And over 200 thousand students will benefit from the plan. Sounds like a great deal, right?

Jordan: "When you finish, you're going to be under this huge pile of debt."

Halston says it's not bad, but believes there's has to be something better.

Jordan: "I don't feel like it's enough."

Some astounding number shows the average student graduating, will leave college with a pile of debt that amounts to 60 percent of their annual income.

So, if this deal doesn't get resolved, that number is sure to rise.

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