Which Colleges Leave Students With the Most Debt?

i agree that the for profits are looking to make a profit haha i wouldnt go so far to say that for profits are evil, theyre just people running something like public schools just under a different set of paradigms they need to follow. speaking of whether schools are evil or not this site gives a perspective of schools you wont get on their websites www.newtoschool.com

john of NY 8:32PM July 29, 2009

The author in his last paragraph makes the for-profits sound evil and greedy when he says they don't hand out the aid like the public and private colleges do. He fails to point out how philanthropy works. For-profit colleges don't get a whole lot of donors since the donations would not be tax deductible. Also notice that for-profits don't get a whole lot of aid from the states. Tuition at a for-profit is paid almost 100% by the student, not the tax payer. So an increased default rate still equates to less money out of the tax payer's pocket.

Consumers make choices. Why do you think they chose UofP over a state college when the tuition is higher and aid is lower? There must be a need being filled.

Nate Clark of NV 5:40PM May 28, 2009

Fred states that 40K isn't a lot of debt, but I beg to differ. I graduated years ago and was lucky to not acquire a lot of school loan debt - not because my family was rich, but because school was much less expensive then and I worked the whole time I was in school. I make a decent salary now, but if I were looking at 40K of debt, it would make me shudder even now! It's a huge amount of debt, especially if a new graduate is considering the purchase of a car, home, job-hunting expenses, etc. And who wants to be saddled with debt for 20 or 30 years?

And how did Fred get himself into $200K worth of debt? That's outrageous and probably irresponsible unless he's planning to make several hundred thousand dollars a year after he graduates or comes from a family of more than modest means. Most new jobs don't pay enough to service that kind of debt. (Fred, wasn't there a less expensive alternative to the high-priced, for-profit, private school that you attended?? Who talked you into attending this particular school?)

I'm concerned that we're graduating a whole generation of people who will be in debt for most of their working lives - sort of indentured professional workers who will struggle to make ends meet because they're paying off school loans. Then, when they get their school loans paid off, they won't be able to start socking away money for their retirement. Sooner or later, the debt will take its toll on personal wealth and the larger economy.

dean of TX 1:15PM May 27, 2009