The latest study from the New American Foundation, released today, found that about 40% of the more than $1 trillion in outstanding student loans went to finance graduate and professional degrees. And thanks to changes in repayment terms, the federal government is likely to end up bankrolling many graduate degrees.
From performance-based pay to emerging markets, the classroom is looking more and more like the boardroom.
According to Department of Education data, large percentages of business administration, culinary arts, interior design, and other programs would be deemed failing or at-risk under the Obama administration’s new guidelines.
Regulations proposed Friday will crack down on programs with low graduation rates and high student debt. Many of those are at for-profit schools like the University of Phoenix and Everest College, which get huge chunks of their revenue from federal dollars.
You laugh, but there are many things easier to do in this world than paying off those painful student loans. So. Many. Things
A new study from the New America Foundation shows that student debt is higher than ever. And that it’s growing fastest for students at for-profit colleges
More than 40% of millennials have some student debt, and 79% of them think it’s a problem. And more than half of all millennial college students do too.
Now it’s over $1 trillion, bigger than credit card debt.
Besides horrible, unending sadness.
Drives up federal deficit for 30 years, hands the bill to his kids.
“People just don’t have any money.”
They tell you it’s an investment! Unfortunately, these days you have to ask yourself if it’s really worth it.