Answer:
The researchers think that 65% of college students will graduate with debt when, in fact, more or less than 65% of college students will graduate with debt.
Explanation:
A Type II error is the decision not to reject the null hypothesis when, in fact, it is false. In this case, the Type II error is when the researchers think that 65% of college students will graduate with debt when, in fact, more or less than 65% will graduate with debt.