Monday, April 26, 2010
Loans
A College Board report "Who Borrows Most?" includes this striking graphic on student loan loads.
The for-profits clearly take the description seriously. The article makes a pitch for financial literacy for students. I don't see that making much of a dent, though. I think what would make a difference is disqualifying for-profits from being eligible for government-backed loans and federal aid, like PELL grants. Why should tax dollars go to feed the bottom line of these companies?
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