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re: Student-Loan Delinquencies Now Surpass Credit Cards
Posted on 12/2/12 at 11:40 am to shutterspeed
Posted on 12/2/12 at 11:40 am to shutterspeed
quote:
Which is no different from what public universities are doing.
i don't think anybody made a real distinction
the biggest distinction is the anticipated debt load
quote:
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.
the difference is becoming negligible with many degrees because the market is so over-saturated with degrees in general
with soaring prices (due to government backing the student loans), college is becoming much more of an economic, and not academic, decision. the sheer numbers are making the vast majority of degrees worthless, economically. this applies from the ivy league to mcneese
1
Posted on 12/2/12 at 11:44 am to SlowFlowPro
quote:
i don't think anybody made a real distinction
Superdave lumped private universities in with for-profit universities, suggesting that privates offered disreputable degrees. For-profit universities are the worst offenders of the current student loan bubbles--saddling students with overwhelming debt while leaving them with an often sub-par "degree/diploma."
This post was edited on 12/2/12 at 11:45 am
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