The village also used money to cover debts at Angels Crossing Golf Club and to pay for several unexplained expenditures.

Last year’s college graduates had an average of more than $28,000 worth of student debt. That’s about $1,000 more than in 2011.

Vicksburg will help pay off its $3.5 million debt by selling extra village properties, debt refinancing, and by cutting the village’s budget by one percent.