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It should be noted that according to one recent study, 48% of all employed college grads are working in jobs that require less than a college education. (And that only counts "employed" college grads, not those who are unemployed, involuntarily-in-graduate school (because they could not find college-education-requiring jobs with the degrees they had), who are stay-at-home parents, or involuntarily-early retired.) These links are essential reading for anyone interested in this subject:
The span of age 25-34 is a much better measure for this. As mentioned earlier in the thread there has been a small decline in median wages. A median wage of 45k with 3% unemployment is what college grads are seeing age 25-34 per government data.
That being said there are plenty of poor schools that are pulling those numbers down.
Do you have a tangible example of where this is happening? Going to a for-profit, alone, is scamming yourself into thinking you're getting a higher education.
A great many of the law schools published outright fraudulent employment statistics. If you do some research, you can read court documents related to some of the lawsuits. I know that there have also been instances of for-profit colleges getting sued. "They said that this PhD was accredited..." I don't have the specific references available, but if you want to look into it, it shouldn't be real hard to find with a Google search.
A great many of the law schools published outright fraudulent employment statistics. If you do some research, you can read court documents related to some of the lawsuits. I know that there have also been instances of for-profit colleges getting sued. "They said that this PhD was accredited..." I don't have the specific references available, but if you want to look into it, it shouldn't be real hard to find with a Google search.
You're the one making the assertion. Protocol is that *you* do the research.
Prior to 2005 private student loans could still be discharged after a 5-7 year waiting period once repayment began. Does anyone know what "repayment" meant at the time? Was it simply when one started making a payment while in school or not, or did it mean once they graduated and went into repayment?
Prior to 2005 private student loans could still be discharged after a 5-7 year waiting period once repayment began. Does anyone know what "repayment" meant at the time? Was it simply when one started making a payment while in school or not, or did it mean once they graduated and went into repayment?
It depends on the loan. The definition of repayment is in the promissory note. There are immediate repay loans and deferred loans and interest only loans.
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