According to federal data, graduates of two-year, for-profit career training programs average a loan debt of $23,590. By contrast, most community-college graduates owe nothing.I don't know what we can do about this dismal charade, but if it were up to me we would shut them all down.
The Department of Education recently reported that, of the thousands of for-profit programs it analyzed, an astonishing 72 percent produced graduates who, on average, earned less than a high school dropout who worked full time. This means that the most debt-ridden students are unlikely to earn enough to ever repay their loans. While students at for-profit colleges are 13 percent of the total higher education enrollment, they account for nearly half of all student loan defaults.
Tuesday, April 22, 2014
For Profit Education is a Scam, Continued
The numbers on America's for-profit colleges get more dismal the harder you look. The Times: