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re: Loan forgiveness in question - loans may have to be paid back, it's like, really scary
Posted on 6/27/17 at 9:04 am to TrueTiger
Posted on 6/27/17 at 9:04 am to TrueTiger
quote:
Like thousands of others who studied at failed for-profit colleges
Perhaps the biggest culprit for the student loan problem now.
TheAtlantic
quote:
Between 2000 and 2014, the number of students holding education debt doubled to 42 million, their total debt outstanding quadrupling to over $1 trillion. In 2000, there was only one for-profit institution among the 25 colleges and universities where students held the most student-loan debt. In 2014, there were 13, and University of Phoenix topped the list. The amount of debt owed by those attending for-profit colleges has grown from $39 billion in 2000 to $229 billion in 2014—which is more attributable to increases in the rate of borrowing at those schools than to increases in enrollment.
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