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re: Student-Loan Delinquencies Now Surpass Credit Cards
Posted on 12/2/12 at 10:38 am to shutterspeed
Posted on 12/2/12 at 10:38 am to shutterspeed
quote:
We may be confusing "private" with "for profit" here.
plenty of private universities are making a killing in the modern collegiate market. they keep raising their tuitions and the loans catch up. with a constant supply of students, and a guaranteed payment, why wouldn't they?
quote:
There is nothing much the matter with private universities.
kids don't rack up $200k in debt from undergrad with a major in english by going to a public school
1
Posted on 12/2/12 at 11:29 am to SlowFlowPro
quote:
plenty of private universities are making a killing in the modern collegiate market. they keep raising their tuitions and the loans catch up. with a constant supply of students, and a guaranteed payment, why wouldn't they?
Which is no different from what public universities are doing. The difference between private (USC, Miami, etc.) and non-profit (University of Phoenix, Western Governor's, etc.) is that you have a generally respected degree and coursework to show upon graduation.
This post was edited on 12/2/12 at 11:30 am
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