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Student loan debt made headlines back in March when the nation's total student debt load passed $1 trillion. A new report from the New York Federal Reserve Bank shows that student debt is up nearly 8 percent in just the last year.

So those are the headline numbers, but for our midday extra we got the story behind the numbers with David Weliver, publisher of the financial advice blog Money Under 30.

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Follow Stacey Vanek Smith at @svaneksmith