Tuesday, November 16, 2010

For Profit College = Loans

This is why Congress is not happy - pretty simple really (with a great chart from Geek Stats )
  • 94.4% students at for profits take out loans
  • 44.3% students in traditional four year schools take out loans
  • 16.6% students in community college take out loans
College Gradution Rates
  • 38.1% For Profit graduate
  • 54.9% traditional four year public
  • 22.0% two year public
A big deal - if you don't finish the degree, how can you pay back the loan.