Not surprising, but still worth knowing: Seniors at for-profit colleges are more than twice as likely to have accumulated dangerous amounts of education loans as seniors at other kinds of four-year colleges, according to a new report. The rest of the article is worth a read, particularly because many of these for-profits offer distance learning degrees. Tom Nixon
Pardon the duplication- this was my reply to this article on another forum: Ahhh....one of my favorite topics. That article doesn't go into it, but with more digging you'll find that the highest student loan default rate in the country is among culinary school graduates! (most culinary schools are private, but have not read about distinctions between community college culinary grads vs private) Up and close to 13% of new culinary grads will default. I wonder if it's because paying $100K to be trained as a buck-over-minimum wage-seemed more glamorous on the Food Network than behind the line? (rhetorical- the answer is "yes") http://internetfoodassociation.com/2008/11/19/should-chefs-go-to-culinary-school/ interesting observation
