I just finished watching the Frontline PBS show College, Inc. about for-profit education and the resulting student loan debt.
It was estimated that students in for-profit colleges will graduate with double the amount of student loan debt as compared to a traditional university.
The default rate was alarming as well. For-profit colleges account for 10% of students but 44% of student loan defaults.
Readers will recognize that I have always been critical of student loan debt. Why? For most students, the resulting debt is debilitating.
Many people would be surprised to learn that outstanding student loan debt is just about the same as all outstanding credit card debt. And also surprising, about 75% of students that start school never finish with a college degree.
If you would like to watch the College, Inc. show, click here.
You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
Do you have a question you'd like to ask me for free? Go ahead and click here.
- Who Knew TitleMax Sucked This Bad? - February 23, 2023
- Litigation Practice Group Lawsuit by Business Partner All Service Financial – We Want Our Money - January 24, 2023
- HomeAdvisor and Angi to Pay Up To $7.2 Million and Stop Deceptively Marketing its Leads for Home Improvement Projects - January 23, 2023
1 thought on “Student Loan Debt: The Next Subprime Bubble to Burst?”
Steve — I’m going to watch it. Good call.