BBB on School Loans

MEMPHIS, Tenn. — According to the federal government, this year’s college graduating class will enter their professional lives with an average of $33,000 in student loan debt.

President Obama is pushing a bill to allow students to refinance their loan at lower rates.

During an online Q and A session yesterday, the President also stressed college isn’t for everyone, and suggested vocational school instead.

Randy Hutchinson is with the Better Business Bureau.