Student loan default rates outpace graduation rates at 514 US Colleges, mostly for-profits (Canada, dollars)

[GiantRutgersfan]

Student-Loan Default Rates Rise Above Graduation Rates at 514 Schools

Students have much to worry about when choosing a college.

And a new Education Sector study, In Debt and in The Dark, adds one more stressor. It advises students to look closely at an institution’s student-loan default rate while making a decision on higher education. It turns out that student-loan default rates are higher than the graduation rates at 514 American colleges and universities.

More than half are for-profit colleges, and one-third are community colleges, which often serve low-income students.

We need to stop allowing these scam for profit colleges eligible to have government loans used at em.

People are slowly realizing that going to college on the internet in your PJs is not going to get you a good job. So enrollment is declining a fair amount each year. But it would be nice if the government could simply act and save the taxpayers billions of dollars.

[lycos679]

Aren't for profit schools usually trade schools? If so, I would imagine those grads can move to Canada or Australia and get a job pretty quick.

[GiantRutgersfan]

Originally Posted by lycos679

Aren't for profit schools usually trade schools? If so, I would imagine those grads can move to Canada or Australia and get a job pretty quick.

That might be the case, but I doubt that is who is defaulting on their loans.

The blame is going to be on University of Phoenix and other online "colleges"

[Oldhag1]

This articles includes a list of the Hall of Shame

College default rates higher than grad rates

[It'sAutomatic]

I'm a big fan of the free market, but for-profit colleges are making it look pretty awful.