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re: Student-Loan Delinquencies Now Surpass Credit Cards
Posted on 12/2/12 at 11:29 am to SlowFlowPro
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
1
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
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