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Credit unions, filmmakers focus on lowering student loan debt

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The Iowa Credit Union Foundation and a number of Iowa credit unions have partnered with financial literacy expert Adam Carroll to help combat student loan debt in Iowa. Iowa is ranked sixth in the nation in terms of average student loan indebtedness. Currently, 72 percent of Iowans have student loan debt, with an average of $29,370 per graduate. In his new documentary, “Broke, Busted and Disgusted,” Carroll, who also serves as a member of ICUF’s board of directors, and a group of Iowa filmmakers examine higher education and the true costs of college. Carroll and his team want to bring the film to every high school in Iowa at no cost to the school. ICUF has pledged $5,000 in support of Carroll’s cause to offer the film and provide downloadable resources for parents and students. More than 15 Iowa credit unions have pledged support as well, resulting in an additional $40,000. On Tuesday, Jan. 26, Carroll and ICUF will host the first public screening of the documentary at the Des Moines Social Club.